EUR/USD Price Forecast: Holds Gains Near 1.1730 – Critical Resistance Ahead

EUR/USD is holding gains near 1.1730 as a softer dollar and hawkish ECB tone support the euro. The article frames the move as a short-term bullish setup: technical indicators (pair above the 50-day MA, MACD bullish crossover, RSI ~55) point to upside, but 1.1730 is a critical resistance. A sustained break could target 1.1780–1.1820, while failure to hold gains risks a pullback toward 1.1680–1.1650. Key macro catalysts—US CPI, eurozone PMI, and central-bank commentary—will likely dictate next moves. Risks include geopolitical shocks and unexpected Fed hawkishness that would strengthen the dollar and reverse the rally.