EUR/USD Tests 1.1800 Resistance as Bulls Reclaim Key Moving Averages

EUR/USD is battling the critical 1.1800 psychological resistance level after a sustained bullish advance that has seen the pair reclaim its 50-, 100-, and 200-day moving averages — a significant technical development signaling a shift in medium-term momentum. The recovery above all three major moving averages marks a notable turning point for the pair, with bulls now needing to secure an hourly close above 1.1800 to confirm continuation of the uptrend. The technical picture has turned decisively optimistic, suggesting the broader trend favors further euro strength against the dollar. A sustained break above 1.1800 could open the path toward 1.1850 and potentially 1.1900, while failure to hold above this level may trigger a retracement toward the 200-day moving average as initial support. Traders should watch for volume confirmation on any breakout and remain attentive to upcoming US and Eurozone economic releases that could act as catalysts for directional resolution at this key inflection point.