EURUSD: Wedge Breakout Confirms Bullish Momentum – Trading Outlook and Key Support Resistance Levels
Over the past three trading days, EURUSD has consolidated around the 1.1600 level, closing yesterday at 1.16285. Influenced by Natixis’ recent forecast, the market holds a bullish outlook on the euro, expecting EURUSD to strengthen through 2026 amid dollar weakness and softer US fundamentals. The technical structure reveals a breakout from a wedge consolidation pattern, signaling buyer control. For the average investor, this suggests near-term volatility but solid medium-to-long-term upside potential, especially while awaiting key Eurozone economic data like the services PMI. This report unpacks technical patterns and vital support and resistance levels to help sharpen your trading strategy.

