The EURUSD is pushing to new session highs, with the move supported by softer oil prices and a modest easing in geopolitical tensions. Headlines out of the Middle East have helped sentiment, after Israel’s Benjamin Netanyahu signaled a shift toward diplomacy—directing his cabinet to focus on Hezbollah disarmament and potential normalization talks with Lebanon. This follows a conversation with Donald Trump, who urged restraint in military activity as cease-fire and broader negotiations with Iran continue.
From a technical perspective, the pair has reclaimed a key cluster of levels. Price is now back above the
- 50% midpoint of the move down from the February 10 high at 1.1667,
- 200-day moving average at 1.16718, and the
- 100-day moving average at 1.16862.
Earlier in the US session, the initial break above this zone failed, with price rotating back toward the 200-day MA. However, renewed momentum—driven in part by the shifting geopolitical tone—has pushed the pair back above the cluster.
That area now becomes the risk-defining level. If buyers are to maintain control, the price needs to stay above this confluence of support. Holding above keeps the bullish bias intact; falling back below would tilt the balance back toward the sellers.
On the topside, the next target comes in between 1.17265 and 1.17414. A break above that zone would open the door toward the next swing area between 1.1765 and 1.1778
