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EUR/USD: Cautiously Bullish Above 1.1700 Ahead Of FOMC And ECB
MarketPulse by OANDA Group · 2026-04-28 · via All Articles on Seeking Alpha

Summary

  • Overall Bias: The EUR/USD narrative has shifted from bearish to cautiously bullish.
  • Key Support: The bullish bias remains firm as long as the price sustains a hold above the critical 1.1700–1.1710 support zone.
  • Tactical Scenarios: Bulls need to defend the 1.1700 area, with targets at 1.1769 and 1.1800; a break below 1.1700 triggers the bearish scenario.
Money background with many British pound, US dollars and Euro banknotes

Viktoriia Paniot/iStock via Getty Images

By Zain Vawda

EUR/USD (EUR:USD) finds itself grinding on a quiet Monday ahead of what is a busy week from a data and monetary policy perspective.

EUR/USD gapped lower after the weekend but has

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