EUR/USD rebounds from 1.1500 support amid dollar consolidation

EUR/USD has recovered from the 1.1500 psychological support level, currently trading around 1.1535, representing a 0.3% gain from session lows. The pair found buying interest after testing this critical support zone, which has held multiple times over recent weeks. The dollar's momentum has stalled following its recent rally, allowing the euro to catch its breath amid mixed European economic signals. Market participants are closely monitoring upcoming ECB policy communications and US economic data releases that could dictate the pair's next directional move. Technical indicators suggest the immediate resistance lies at 1.1580, coinciding with the 50-day moving average, while a breakdown below 1.1500 could accelerate losses toward 1.1450. Traders should watch for consolidation patterns as the market awaits fresh catalysts, with the pair likely to remain range-bound between 1.1500-1.1600 in the near term.