EUR/USD Holds Uptrend Near 1.1640 Ahead of ECB Decision

EUR/USD is consolidating just under 1.1640, marking a two-week high as the pair trades back above its 200-day moving average — a shift that flips the broader trend structure bullish for now.

The 1.1604 level has emerged as the critical short-term floor. A hold above this zone keeps the minor uptrend intact and opens room toward fresh range highs, while a break back below the 200-day MA would undercut the recent bullish structure.

With the ECB decision imminent, this technical setup is likely to see its first real stress test, as rate-decision volatility often triggers sharp intraday swings around key moving averages.