Despite the failure to extend the breakout, the broader trend remains constructive as long as the pair holds above support. Key initial support is now seen between 1.1569 and 1.15783, a zone defined by a series of recent lows and the 100-hour moving average (blue line currently at 1.15499). This swing area has already acted as a launchpad for bullish reversals, and it will remain a key barometer for short-term control.
On the upside, a firm push above 1.16297 would likely invite another wave of buying interest and confirm the next leg of the broader uptrend.
Key levels:
Resistance: • 1.16142 - 1.16297 – swing area. and then the high from yesterday at 1.16355
Support: • 1.1569–1.1578 – recent swing low zone • 1.15499 and 1.15367 – 100 and 200 hour MA
Buyers remain in control above 1.1570, but they’ll need a decisive break above 1.16297 to unlock further upside potential.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd tests highest level since 2021 but stalls near swing resistance was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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