EUR/USD Daily Outlook

Range trading continues in EUR/USD with an intraday neutral bias; near-term upside is favored while 1.1642 support holds. A sustained break above the 61.8% retracement level at 1.1824 would open the way to retest the 1.2081 high, while a firm break below 1.1642 would signal the rebound has completed and could drive a deeper decline toward the 1.1408 low. Longer-term technical support sits at the 38.2% retracement around 1.1353 and the 55-week EMA (~1.1530). A decisive break above the 1.20 cluster would carry long-term bullish implications.