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fxAug 3, 2026, 5:27 AM

EUR/USD Bulls Eye 1.1550 After Break Above Key Moving Averages

EUR/USD gained momentum, closing above 1.1500 and key moving averages on the 4-hour chart, targeting 1.1550.

EURUSD

EUR/USD built on recent gains with a decisive move above the 1.1500 level on the 4-hour chart. The pair also closed above both the 100 simple moving average (red) and the 200 simple moving average (green), reinforcing the bullish bias.

The price gained pace toward the 1.1550 resistance area, suggesting bulls are in control. A sustained break above that level could open the door to further upside, according to the technical setup.

Source: FXStreet Forex News