The EUR/USD pair is trading around 1.1690, maintaining a cautiously bullish short-term outlook as buyers continue to support price despite overbought conditions.
📈 Technical Signals
✅ RSI has entered overbought territory — signaling strong momentum, though a short-term pullback remains possible.
✅ MACD has crossed into positive territory and remains above the signal line with an expanding histogram, confirming growing bullish pressure.
✅ Price holds firmly above the previous range resistance at 1.1670, now acting as support.
🎯 Upside Targets (Bullish Scenario)
1.1700 → Immediate psychological resistance
1.1740 → February 19–20 levels (next target)
1.1825 → February highs (extended bullish objective)
📉 Support Levels (Bearish Risk)
1.1670 → Key support (range breakout level)
1.1630 – 1.1640 → Strong demand zone
1.1525 → Major support (currently unlikely unless sentiment shifts)
🧭 Market Bias
📈 Bullish while price remains above 1.1670
⚠️ Overbought conditions suggest possible consolidation before continuation.