EUR/USD extends uptrend on growth convergence and policy shifts

EUR/USD continues its bullish momentum as fundamental factors increasingly favor the euro over the dollar. The pair's strength reflects growing expectations of economic growth convergence between the Eurozone and United States, with recent data suggesting the European economy may be gaining relative strength. Policy divergence is also supporting the euro, as markets anticipate potential shifts in central bank stances. The European Central Bank's recent communications have been less dovish than expected, while Federal Reserve officials have maintained a cautious tone on future rate cuts. Technical indicators show the pair maintaining its uptrend channel, with momentum indicators suggesting further upside potential. Key resistance levels are being tested as buyers remain in control. The combination of improving European economic prospects and evolving monetary policy expectations continues to underpin euro strength. Traders are positioning for continued EUR/USD appreciation, though upcoming economic releases and central bank communications could influence near-term direction.