DeGRAM | EURUSD is testing the support line
DeGRAM | EURUSD is testing the support line
Euro/US Dollar FX:EURUSD
📊 Technical Analysis
● EUR/USD is consolidating above the key 1.1680–1.1700 support zone, holding within a rising wedge formation.
● Price is positioned to rebound toward 1.1916 resistance, with trendline support underpinning the bullish structure.
💡 Fundamental Analysis
● Dollar softness persists as markets expect a dovish Fed tone, while Euro gains traction from resilient Eurozone PMI data, supporting upside continuation.
✨ Summary
EUR/USD holds above 1.1700 support with bullish momentum targeting 1.1916, supported by technical structure and favorable macro sentiment.
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