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fxAug 10, 2026, 1:57 PM

EUR/USD bulls retain control but 1.1560 resistance holds firm

EUR/USD's advance stalled again on Monday at the 1.1560/66 zone, where the 100-day moving average and daily cloud top converge. Bullish momentum persists but the pair has yet to clear this key barrier after a false breakout on Friday.

EURUSD

The euro pushed above 1.1560 on Monday, testing a significant resistance area defined by the 100-day moving average and the top of the daily Ichimoku cloud. This follows a failed breakout attempt on Friday that saw prices briefly spike higher before retreating.

Bulls remain in control of the near-term trend, but repeated rejections at this confluence of technical levels suggest sellers are defending it aggressively. A sustained move above 1.1566 would open the door for further gains, while a failure to hold near current levels could invite a pullback.

Source: FXStreet Forex News