EURUSD Technical Breakout: Steady Strength Above 1.1700 Sets Stage for Bullish Momentum, May 1, 2026
Over the past three trading days, EURUSD experienced notable volatility, rebounding from a low of 1.1665 to near yesterday’s close at 1.17276. The ECB’s decision to keep interest rates steady has supported buying interest above the 1.1700 threshold. Meanwhile, geopolitical tensions in Iran have boosted safe-haven demand for the US dollar, keeping the DXY index near 98. This mixed environment has led EURUSD into a consolidation phase with a bullish undertone. For average investors, EURUSD is currently testing key support and resistance zones, making close attention to ECB policies and US economic releases vital for the next directional cues.


