Recent price action shows EUR\/USD successfully retesting and rebounding near a former resistance-turned-support level. The 1.2000 mark serves as the next psychological resistance, with a close above signalling a potential bullish breakout.<\/p>\n
Downside risk remains limited if EUR\/USD stays above its critical moving averages. The 100-day SMA at 1.1678 provides a strong support zone. Indicators show momentum remains robust, with the RSI near 60 and ADX indicating a strengthening trend.<\/p>\n
The Euro is the currency of 20 Eurozone nations and is the second most traded worldwide. The ECB, based in Frankfurt, influences the Euro through monetary policy and interest rate decisions. Economic indicators like inflation, GDP, PMIs, and trade balance all impact the Euro’s value.<\/p>\n
The Euro is showing strength against the Dollar, and we see the technical picture favoring a continued move higher. A push towards the 1.2000 psychological level appears to be the next major test for bulls. The underlying trend is supported by the price holding firmly above its key moving averages.<\/p>\n
This move is backed by fundamental data, with last week’s softer-than-expected US Non-Farm Payrolls report on February 6th, which showed a gain of only 155,000 jobs, weakening the Dollar. Meanwhile, Eurozone inflation remains persistent, with the latest flash HICP estimate for January holding at 2.4%, keeping pressure on the European Central Bank. This divergence in economic outlooks is fueling the pair’s ascent.<\/p>\n
For those looking to position for further upside, buying call options is a direct strategy to consider. Targeting strike prices at or just above the 1.2000 mark for expirations in the coming weeks could capture a potential breakout. This approach offers a defined risk if the upward momentum stalls before reaching higher levels.<\/p>\n
A more conservative approach involves selling out-of-the-money put options to collect premium, banking on the pair not falling significantly. Given the strong technical support around the 21-day moving average near 1.1780, this level could serve as a solid reference for setting strike prices. This strategy profits from both a rising price and sideways consolidation above support.<\/p>\n
The current bullish conviction marks a notable change from the sideways price action we observed throughout much of the second half of 2025. We should maintain this constructive outlook as long as the pair remains above the 1.1780 to 1.1678 support zone. A break below this area would signal that the recent breakout has failed.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" EUR\/USD climbs to one-week high as US Dollar weakens; technical indicators support ongoing bullish momentum.<\/p>\n","protected":false},"author":62,"featured_media":16964,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-41367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/41367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=41367"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/41367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/16964"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=41367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=41367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=41367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}