EUR/USD buyers test 1.1530 resistance after breaking key MAs

EUR/USD has staged a technical recovery, breaking above both the 100-hour and 200-hour moving averages to reach the critical 1.1524-1.1530 resistance zone. After sellers failed to sustain momentum below the 200-hour MA on Wednesday, driving the pair to 1.1445, buyers defended this key support level aggressively. The subsequent rebound saw the pair clear multiple technical hurdles during Asian trading hours. Current price action shows consolidation within the swing area between 1.15239 and 1.15295, with bulls attempting to establish a foothold above these levels. The successful defense of 1.1445 and subsequent MA breaks suggest shifting momentum. However, the 1.1530 area represents significant resistance that must be cleared for continuation toward recent highs at 1.1615. Failure to break above current levels could see renewed selling pressure, with initial support at the 200-hour MA around 1.1490.