EURUSD: Uptrend line continues to drive price action
EURUSD maintains its bullish structure by consistently posting higher lows and holding above the upward-sloping support line. The 1.1540 level currently serves as a short-term anchor, coinciding with an untested Fair Value Gap (FVG) zone.
The macroeconomic backdrop also favors the euro, as a weakening USD and expectations of a less hawkish Fed continue to push US yields lower. This helps EURUSD maintain its short-term advantage.
If the price continues to hold the 1.1540 level, I expect the upward momentum to extend toward the 1.1600 zone. A decisive break below this support would undermine the current bullish structure.
This is a personal perspective, not an investment recommendation. Always manage your risk before trading.