EUR/USD Chart Setup: Uptrend Holds Ahead of ECB Verdict

The minor uptrend on EUR/USD remains structurally intact heading into the ECB decision, with price holding comfortably above the 200-day moving average after reclaiming it in recent sessions. This technical posture suggests dip-buyers remain active on pullbacks toward trendline support.

Key Fibonacci confluence sits just above 1.1600, aligning closely with the 1.1604 support pivot that has repeatedly capped downside attempts. A break of this zone on elevated volume would be the clearest signal that the current bullish structure is losing steam.

Traders should monitor candlestick behavior around the ECB announcement — a strong bullish close above 1.1640 would confirm continuation, while a rejection wick near resistance could flag exhaustion and a potential reversal setup.