EURUSD gains strength as technical patterns favor further upside

EURUSD has maintained its bullish momentum, with technical analysis revealing favorable conditions for continued appreciation. The pair is trading above key moving averages and has formed constructive chart patterns that suggest further upside potential. Recent price action shows the euro building on its gains against the dollar, supported by improving risk sentiment and technical breakouts. Gold's parallel strength indicates broader dollar weakness, while equity markets like Nvidia show resilience that supports risk-on currency flows. The technical setup points to immediate resistance near recent highs, with momentum indicators confirming the bullish bias. Support levels have been established at previous resistance zones, now acting as floors for any pullbacks. Traders are positioning for continuation patterns, with the next major resistance target likely to attract profit-taking. The overall technical structure remains constructive for euro bulls, though overbought conditions on shorter timeframes suggest possible consolidation before the next leg higher.