EUR/USD Tests Weekly Highs, Eyes 100-Day MA as Key Resistance Target

EUR/USD is pressing toward its weekly high after yesterday's pullback found strong support in the 1.1498–1.1506 swing area, keeping the pair's bullish bias intact. Buyers successfully defended this critical support zone, with the price holding above the rising 100-hour moving average before closing higher on the session. The pair is now eyeing the 100-day moving average as the next significant resistance target, a level that could determine whether the current bullish momentum extends further. The technical structure remains constructive as long as the 1.1498–1.1506 support zone holds, with the rising 100-hour MA providing dynamic support beneath price action. A sustained break above the weekly high would open the door toward the 100-day MA and additional resistance clusters above. Traders should monitor whether buyers can maintain pressure through these overhead levels, as failure to clear the 100-day MA could trigger another corrective pullback toward the established support zone. Near-term positioning favors longs while the pair remains above the 100-hour MA.