EUR/USD Technical Forecast: Falls After Hot CPI and Weak Jobs Data – ForexNews.PRO
EUR/USD is trading near $1.1740, extending gains after bouncing from support at $1.1704. The pair is supported by an ascending trendline that has guided price higher since early September. The 50-EMA at $1.1712 and the 200-EMA at $1.1684 are providing a strong floor, reinforcing bullish structure.
On the upside, immediate resistance is seen at $1.1779, followed by $1.1806. A clear break above these levels could open the path toward $1.1831. The RSI at 61 shows building momentum, though not yet stretched, suggesting room for further gains.
If price fails to hold above $1.1704, downside risk could extend toward $1.1661. For now, buyers remain in control as long as support levels hold.
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