EUR/USD price holds above $1.1570 as bulls defend breakout zone
EUR/USD price today is trading just above $1.1570, maintaining momentum after a decisive breakout from a multi-month trendline resistance. The bullish move has flipped the prior supply zone at 1.1375–1.1430 into a confirmed support base, with the daily structure now favoring higher highs within an ascending channel that began forming in March.
Key highlights
- EUR/USD price today trades above 1.1570 after breaking multi-month trendline resistance
- Short-term support at 1.1520–1.1540 remains intact as price consolidates
- Break above 1.1650 may open the path toward December highs near 1.1730
This structural shift has been supported by consistent institutional momentum, further validating the recent rally.
Short-term structure supports continuation bias
The 30-minute and 4-hour charts show EUR/USD in a tight consolidation range near 1.1570–1.1580, following the breakout from the 1.1520 level. Price is using the prior descending trendline as dynamic support, having confirmed multiple bullish BOS and CHoCH signals in the Smart Money Concepts (SMC) framework. The 1.1520–1.1540 region has repeatedly shown signs of accumulation, indicating strong buyer presence.
EUR/USD price dynamics (Source: TradingView)
Technical indicators on the 30-minute chart remain supportive. The Ichimoku Cloud shows a bullish TK cross, with the price comfortably above the cloud base. The Keltner Channel suggests equilibrium, while VWAP alignment confirms a stable short-term bias. Although the ADX is subdued, the Directional Movement Index still leans bullish, hinting at underlying strength rather than exhaustion.
Volatility compresses but structure favors upside
Volatility remains low with ATR readings muted, particularly on intraday timeframes. This type of compression typically precedes impulsive expansion, especially in trending markets. With EUR/USD maintaining structure above the flipped support and exhibiting steady channel-bound movement, the technical bias remains in favor of a retest of the 1.1605–1.1650 resistance band.
A sustained move beyond 1.1650 would expose the next upside target near 1.1730. However, a close below 1.1520 would weaken the setup and bring 1.1430 back into focus.
In previous EUR/USD coverage, we identified 1.1450 and 1.1520 as key breakout and retest zones. With those now confirmed as support, the current trend offers potential for continuation if bulls clear the 1.1650 ceiling with conviction.
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