EURUSD holds 1.1500 after weak US data. Breakout or dollar rebound?

EURUSD is trading near 1.1515 after holding above the 1.1500 support area.

The US data came out weaker than expected. JOLTS Job Openings fell to 7.359M, below the 7.440M forecast and down from 7.537M previously. Factory Orders also missed expectations, falling by 0.3% versus the 0.2% forecast.

This is negative for the dollar because weaker labor demand and softer factory orders can reduce expectations for higher-for-longer Fed policy. That gives EURUSD support, but the pair still needs a clean breakout above resistance.

Technically, EURUSD remains above the SMA 200 near 1.1441, so the broader H1 structure is still constructive. However, price is still consolidating between 1.1500 support and 1.1550 resistance.

Scenarios
🟢 Bullish scenario:
A clean H1 close above 1.1550 could open the way toward 1.1570, then 1.1600.

🔴 Bearish scenario:
A close below 1.1500 would weaken the bullish structure and could send EURUSD toward 1.1470–1.1450.

⚪ Neutral scenario:
While price stays between 1.1500 and 1.1550, EURUSD remains in consolidation.

For now, the key question is simple: can weak US data help buyers break 1.1550, or will the dollar recover again?
⚠️ Not financial advice.