EUR/USD Range-Bound but Ready to Break Higher?

Since the beginning of the year, EUR/USD has been trading within a range, fluctuating between 1.0200 and 1.0440, aside from a few temporary spikes in both directions.

While the overall trend remains bearish, I anticipate a relief rally in the near future, which could push the price toward the 1.0650–1.0700 zone in the medium term.

In the short term, the market remains stable, with a strong support base forming around 1.0200. Given this setup, my bias is bullish, and I’m looking to buy dips, targeting 1.0500 as the first key resistance level.