EUR/USD bullish rally: Discover profit opportunities after breaking through the 1.1735 resistance zone

just_here_for_vibes · 2026-01-15T12:14:46+00:00

The euro strengthens against a weakening dollar, with the EUR/USD rising to 1.1735 amid expectations of stable European Central Bank rates. Technical indicators suggest a continued upward trend, but caution is advised for potential price fluctuation.

just_here_for_vibes

2026-01-15 12:14:46

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The Euro Strengthens Amid Widespread Dollar Weakness

The EUR/USD pair continues to advance during the Asian market session on Tuesday, indicating that buyers remain firmly interested near the 1.1710 level. The reference asset has escaped from its four-week low of 1.1660 ( and has climbed to 1.1735 as the USD contracts for the second consecutive day, supported by the Fed’s signals of easing rate hikes. Meanwhile, the ECB maintains a steady stance, and the belief that the European Central Bank will pause rate cuts further fuels the euro’s upward momentum.

Technical Signals Harmonize to Reinforce Uptrend Confidence

Currently, EUR/USD is valued at 1.1735, up 0.10%, reflecting a steady market tone. Today’s price action suggests continued upward movement supported by market stability. The 1.1735 level remains crucial in confirming the bullish momentum, reinforced by the 100-hour moving average and the 50% Fibonacci retracement level from the decline from 1.1808 to 1.1660.

Multiple technical indicators collectively suggest:

MACD: Turning positive and rising steadily, indicating increasing bullish strength.
RSI: At 59, suggesting room for further upward movement.
Fibonacci Levels: Resistance at 61.8% retracement around the mid-1.1700s, which could serve as the next target.

Future Path for Price Development

Once the price breaks above the 1.1735 consolidation zone and moves toward the 61.8% Fibonacci resistance around the 1.1700s, the uptrend is expected to strengthen. However, failure to hold above this level could lead to a new consolidation within the current range. Profit seekers should closely monitor these movements to determine optimal entry and exit points.

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