EURUSD: Bulls Eye Break Above 1.1560 with Key Support at 1.1528 – Trading Outlook, August 7, 2026
Over the past three trading days, EURUSD has displayed notable volatility, rallying from near yesterday’s close at 1.1519 to challenge the strong resistance at 1.1560 multiple times. Market sentiment is influenced by easing geopolitical tensions and the approaching US Nonfarm Payrolls report, which have collectively fueled bullish momentum. The pair is navigating critical support and resistance zones between 1.1528 and 1.1660, with both technical and fundamental factors shaping a favorable setting for dip buying and potential breakout plays. This report provides a detailed chart analysis combined with economic data to help traders identify actionable trading levels and opportunities.


