EUR/USD Technicals Firm Up as Two-Week High Meets ECB Risk
Created on
Last updated
The technical picture for EUR/USD has improved notably, with the pair carving out a two-week high near 1.1640 while holding firmly above the 200-day moving average. This combination of price action typically signals building bullish momentum heading into a major macro catalyst.
Short-term traders are focused on 1.1604 as the line in the sand - a level that has repeatedly acted as support during recent pullbacks. Its proximity to the 200-day MA adds technical weight, making it a key zone to monitor for confirmation of the broader uptrend ahead of the ECB's rate announcement.