Analysts say EUR/USD must break resistance at 1.1565 to confirm upward bias, with a close above key levels required for a move toward 1.1600.
EUR/USD extended modest gains to close at 1.1551, maintaining mild upward momentum. Intraday, the pair may test resistance at 1.1565, though a sustained move toward 1.1600 remains unlikely without stronger momentum or a decisive break above key levels.
The pair’s recent performance follows a period of consolidation, with prior resistance near 1.1500 acting as support. Analysts note that without a close above 1.1565, the upside bias could weaken, limiting further advances in the near term.
Market focus remains on technical levels, with traders awaiting confirmation of a breakout before positioning for additional gains.