EUR/USD Eyes Weekly Resistance as DXY Falls on Geopolitical Fear

EUR/USD Analysis
Recent global events particularly the ongoing conflict in Iran and associated political instability have contributed to a sustained downtrend in the U.S. Dollar Index (DXY). The index is currently approaching major historical support levels, which further reinforces the weakening dollar narrative.

Inversely, EUR/USD continues to exhibit bullish momentum. The pair is steadily climbing and is now approaching a key weekly resistance level. If this resistance is broken, we anticipate a strong push toward our final take-profit (TP) target.

At present:
Market Structure remains bullish
We are watching for signs of continuation such as:
Change of character (ChoCH)
Break of structure (BoS)
Demand zone confirmations

We're currently scanning for a low-risk entry upon confirmation preferably via a clean pullback or bullish engulfing confirmation on the lower timeframes. The goal is to catch the next leg up with solid risk-reward.

For now, it’s a waiting game. The trend is our friend, and we’ll let price action show us the way.
Let’s see how this bad boy plays out.