EUR/USD is currently trading around 1.1650, maintaining a mild bullish bias in the short term, but still locked within a broader consolidation range that has dominated price action over the past two weeks.

Despite recent upside attempts, the pair continues to struggle at the key resistance zone around 1.1660, which has repeatedly capped bullish momentum.

📈 MARKET STRUCTURE & MOMENTUM
The 4-hour RSI remains in neutral-to-positive territory, suggesting buyers still have a slight edge, but without strong conviction.
Meanwhile, the MACD is hovering just above the zero line, reflecting weak but positive momentum, indicating that the market is still in a wait-and-see phase rather than a strong trending environment.
Overall, momentum signals suggest controlled bullish pressure, but not yet enough strength to confirm a breakout.

🔼 KEY RESISTANCE LEVELS
1.1660 → Major range top (strong supply zone)
1.1720 → May 14 high (next bullish target if breakout occurs)
1.1790 → Monthly peak (longer-term resistance zone)
A clean break and sustained close above 1.1660 would be required to confirm a bullish expansion phase and open the door toward higher targets.

🔽 KEY SUPPORT LEVELS
1.1625 → Immediate intraday support (recent lows)
1.1575 → Range bottom and key structural support
A break below 1.1575 would invalidate the current range stability and shift bias toward a deeper corrective move.

⚠️ OUTLOOK
EUR/USD remains in a compression phase, where price is building energy within a defined range. Traders should be cautious of false breakouts near 1.1660, as liquidity hunts are likely in this area.
Until a confirmed breakout occurs, expect range-bound conditions with controlled volatility.

💎 FINAL TRADER NOTE
Patience remains key in this market structure. The best opportunities will come from either:
A confirmed breakout above resistance, or
A clear rejection from upper range levels

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