#EUR

*EUR/USD Tests Range High at 1.1640, Traders Eye Breakout or Rejection*

EUR/USD is trading near *1.16314* on the 15-minute chart, testing the top of a short-term consolidation range after a steady recovery from lows near 1.1609.

The pair formed a sideways range between *1.1617* support and *1.1640* resistance over the past two sessions. After dipping to 1.1609 earlier today, buyers stepped in and pushed price back up to retest the range high. The chart marks a potential long setup with a target at *1.16006* if the range breaks down, and a short setup with a target at *1.16417* if resistance rejects price again.

*Key levels from the chart:*

- *Current Price*: 1.16314

- *Range Resistance*: 1.1640, marked by the horizontal line and red zone

- *Range Support*: 1.1617, marked by the lower horizontal line

- *Downside Target*: 1.16006, shown in the green zone

- *Upside Target*: 1.16417, shown in the red zone

Price is coiling just below resistance, suggesting a breakout or rejection is likely in the next few candles. A break above 1.1640 with volume could open the door for further upside, while a rejection would keep EUR/USD stuck in the range and shift focus back to 1.1617 support.