EUR/USD Consolidates Above MAs; Bulls Target 1.1700 Resistance

EUR/USD is consolidating above key moving averages, with bullish momentum building for a potential push toward the 1.1700 resistance level. The pair has established a solid technical foundation, holding above both the 50-day and 200-day moving averages, which now act as dynamic support levels. This consolidation phase appears constructive for bulls, with reduced volatility allowing for position building ahead of the next directional move. Technical indicators including RSI and MACD suggest positive momentum without being overbought, providing room for further upside. The 1.1700 level represents both a psychological barrier and previous resistance zone that could trigger significant order flow if breached. Near-term support has formed around 1.1600, with the moving average confluence zone providing a cushion for any pullbacks. Traders are positioning for a breakout attempt, with stop-losses likely clustered below the MA support zone and take-profits targeting the 1.1700-1.1750 area.