EURUSD pushes higher as the post-Fed rally continues to gain momentum

The Euro holds a firm tone and extends its climb to a seven-week high on Thursday, building on Wednesday’s 0.6% post-Fed jump that accelerated bullish momentum.

The currency continues to draw support from the Fed’s rate cut and the unexpectedly hawkish policy projections for 2026, both of which added additional downside pressure on the US dollar.

A break above the key 1.1700 area (psychological level, near the 50% retracement of 1.1918/1.1468, and the top of the daily Ichimoku cloud) delivered a bullish signal that now requires confirmation through a sustained move above these barriers. Holding this structure would keep the focus on 1.1746 (61.8% Fibonacci retracement) and open room for a potential extension toward 1.1800.

Daily technicals remain firmly bullish, with Tenkan-sen and Kijun-sen rising sharply and diverging after a bull cross, strong positive momentum, and a thick supportive daily cloud—all aligning with favorable fundamentals and keeping the path open for further gains.

The broken top of the daily cloud at 1.1693, also aligned with the breached bull-channel upper boundary, now acts as strong support expected to contain any dips and maintain the positive tone for fresh upside attempts.

Res: 1.1746; 1.1778; 1.1812; 1.1830
Sup: 1.1693; 1.1680; 1.1653; 1.1603