EUR/USD Technical Setup: 200-DMA Reclaim Signals Bulls in Control
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EUR/USD's push back above the 200-day moving average marks a structural shift for the pair, which had struggled below this long-term trend indicator in recent sessions. Price is now consolidating near 1.1640, its best level in two weeks, suggesting bulls have regained the upper hand into the ECB rate decision.
The 1.1604 zone has emerged as the pair's key short-term support, aligning closely with the reclaimed 200-day MA. As long as price holds above this confluence area, the minor uptrend structure remains intact, with dip-buyers likely to defend this level on any pre-ECB volatility.