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The euro is advancing firmly against the dollar, trading at $1.0976 after breaking above the $1.0959 resistance, which aligns with the 38.2% Fibonacci retracement of the July–October decline. The pair is also trading comfortably above both the 50-day EMA ($1.0680) and 200-day EMA ($1.0679), reinforcing a bullish structure.
Immediate resistance is seen at $1.1027, followed by $1.1100 (61.8% Fib), while support rests at $1.0875 and $1.0790.Today’s breakout follows several failed attempts to clear the $1.0960 zone. If momentum continues, bulls may push toward $1.1100 and possibly $1.1202.
The rising trendline also adds technical support, suggesting the path of least resistance remains to the upside—at least for now. EUR/USD holds a bullish breakout above $1.0959, with eyes on $1.1027. Sustained momentum could target $1.1100. Trendline and EMAs offer solid support.
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