EUR/USD: 1.1660 support holds - break above 1.17 signals bullish continuation

EUR/USD maintains its position above the crucial 1.1660 support level, showing resilience in early Monday trading. The pair has consolidated in a tight range between 1.1660-1.1680, with buyers defending the psychological support successfully through multiple tests. Technical indicators suggest building momentum for an upward move, with the RSI turning higher from oversold conditions and the MACD showing early signs of a bullish crossover. A decisive break above the 1.17 resistance level would confirm trend continuation and open the path toward 1.1750, the December high. The euro finds underlying support from improving risk sentiment and expectations of continued ECB policy normalization, while the dollar faces headwinds from mixed US economic data. Traders should watch for a daily close above 1.17 as a bullish signal, while failure to hold 1.1660 could trigger a deeper correction toward 1.1620.