EUR/USD and GBP/USD Extend Bullish Momentum Ahead of Key Data Releases

EUR/USD is trading in the 1.1800–1.1830 range, maintaining bullish momentum following a recent technical breakout above key resistance levels. The pair continues to benefit from a softer US dollar environment as traders position ahead of upcoming high-impact economic data releases. GBP/USD is also extending gains in tandem, reflecting broad-based dollar weakness across the major pairs. The euro's strength is underpinned by improved risk sentiment and expectations surrounding diverging monetary policy trajectories between the Federal Reserve and the European Central Bank. From a technical perspective, EUR/USD's breakout above the 1.1800 handle opens the door for further upside, with the next resistance zone likely situated near 1.1850–1.1880. Support is established around the 1.1770–1.1780 area, which previously acted as resistance. Traders should monitor the forthcoming economic releases closely, as stronger-than-expected US data could temper the current bullish bias, while softer prints would reinforce the prevailing upward trend in both EUR/USD and GBP/USD.