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USD Weakness Fuels EUR/USD Recovery – Key Levels to Watch

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The US Dollar is showing renewed weakness, and major pairs are gaining momentum in response. EUR/USD, in particular, is setting up for a potential bullish continuation after retesting a key liquidity zone.

📊 Technical Outlook (H2 Chart):

Price has retested the 1.1619 liquidity zone, holding above the sell-side liquidity at 1.1602.

This creates a foundation for a possible upside push.

If bullish momentum continues, watch for:

1.1701 → first resistance.
1.1722 → stronger supply zone.
1.1743 → key buy-side liquidity target.

👉 Scenarios to keep in mind:
1️⃣ If 1.1619 holds as support, buyers could drive price toward 1.1722 – 1.1743.
2️⃣ A break back below 1.1602 would invalidate the bullish setup and expose deeper downside.

⚡ Key Takeaway:
USD weakness is providing tailwinds for majors – EUR/USD is aligning with this broader trend. Traders should focus on liquidity zones and wait for confirmation before committing to entries.

🔥 Will EUR/USD build momentum toward 1.1743, or will sellers defend resistance?
👇 Share your thoughts in the comments!

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