Headline: EUR/USD Rebounds From 100-Hour MA, Clears 1.1594 Resistance
The euro-dollar pair strengthened in the US session after defending a well-watched technical level, with buyers regaining control and driving a clean break higher. Price action highlights a shift in short-term momentum as EUR/USD pushed through a key resistance zone that had capped gains earlier in the day.
After a dip to the rising 100-hour moving average, EUR/USD found firm buying interest, halting the decline and propelling the pair to fresh session highs. The rebound culminated in a decisive move above the 1.1594 swing area, a level that had aligned with a retracement target and acted as intraday resistance. The breakout signals improving risk appetite for the euro and suggests buyers are pressing their advantage.
Sustained trade above 1.1594 would keep the near-term bullish bias intact and leave scope for further upside as momentum builds. Conversely, a failure to hold this zone or a return below the 100-hour moving average would undermine the breakout narrative and refocus attention on support. For intraday traders, the 100-hour MA remains a pivotal reference for trend confirmation and risk management.
Key Points – EUR/USD bounced off the rising 100-hour moving average, confirming it as intraday support. – Buyers drove the pair to new session highs during the US session. – Price broke above the 1.1594 swing area and retracement target, shifting momentum bullish. – Holding above 1.1594 would reinforce the upside outlook in the short term. – A drop back below the 100-hour MA would weaken the breakout and revive downside risk.
