EUR/USD Reclaims 200-Day MA, Eyes 1.1640 Resistance

EUR/USD is trading near a two-week high around 1.1640, having pushed back above its 200-day moving average — a shift often read as a signal of renewed medium-term bullish bias. The reclaim of this long-term trendline has flipped prior resistance into support, with the pair now consolidating just beneath the recent swing high.

The immediate technical battleground sits at 1.1604, which now functions as the first line of defense for bulls. A daily close below this level would negate the current uptrend structure and expose the pair to a retest of lower demand zones. Until then, price action favors continuation toward the 1.1640-1.1670 supply band.

Momentum traders should watch for confirmation via RSI readings staying above the 50 midline, which would validate the minor uptrend and support a push toward fresh multi-week highs.