🔶 EUR/USD UPDATE
👉 EUR/USD remains supported and edges higher toward the 1.1750 level after posting strong gains on Thursday.
👉 The European Central Bank (ECB) kept its policy settings unchanged, though policymakers are reportedly considering a rate hike in June if oil prices remain elevated amid the continued closure of the Strait of Hormuz.
👉 At the same time, weaker-than-expected US GDP data continues to pressure the US Dollar lower during today’s session, providing additional support for EUR/USD.
📌 Technical Outlook
👉 The bullish trend structure is strengthening as EMA 34 crosses above EMA 89 and EMA 200, turning higher.
👉 Meanwhile, EUR/USD is consolidating around the 1.1722 level and is expected to maintain its upward momentum toward the 1.1780 resistance zone today.
🔹 Nearest Resistance: 1.1780
🔹 Nearest Support: 1.1722
🔥 Bias Today: BULLISH