Nataly Kambur
⬤ EUR/USD has been climbing steadily inside a well-defined upward channel since early 2025, with the pair now testing resistance near the 1.20 mark. The daily chart shows the euro respecting both the upper and lower boundaries of this channel, bouncing off support at the bottom and slowing down near the top edge. This kind of structured movement tells us the uptrend is still playing out in an orderly way.
⬤ The channel has held up nicely over the past few months, with pullbacks consistently finding buyers near the rising lower boundary. Right now, price is pushing against the upper limit, which represents the strongest point of the current trend. But here's the thing - we haven't seen a confirmed breakout yet. The euro is testing the ceiling, not smashing through it.
⬤ What happens next really matters. If EUR/USD stays inside the channel, we're looking at a controlled uptrend with normal volatility. But if it breaks above that upper boundary, we could see the pace pick up significantly. The pair is sitting at a technical crossroads where trend continuation and acceleration split into different paths.
⬤ For now, the euro's strength is contained within established limits. Traders are watching this 1.20 area closely because it'll determine whether we get more of the same steady climb or a shift into a faster-moving rally. The structure is still intact, but the pressure is building.
Nataly Kambur
