The price movement on the EUR/USD currency pair chart was flat in a 100 pip range all week between the 1.14000 and 1.13000 levels.
Attention is focused on the outcome of yesterday's European Central Bank (ECB) policy meeting which saw interest rates cut by 25 basis points to 2.40% as expected.
ECB President Christine Lagarde signaled a less clear economic outlook due to the uncertainty that erupted in the market, but stated that the European economy is moving well in the first quarter of 2025.
The Euro currency showed no reaction after the meeting's outcome with the movement remaining flat.
The EUR/USD bullish pattern displayed last Wednesday failed to continue when the price movement was flat throughout Thursday yesterday below the 1.14000 resistance.
However, the price movement is seen to remain above the Moving Average 50 (MA50) support line on the 1-hour time frame of the chart which still shows a bullish signal.
If the upward price pattern successfully continues beyond the 1.14000 resistance zone, the price has the potential to challenge the height reached last week at 1.14700.
If the increase continues higher, the price will record a new 3-year high towards a new target at 1.15000.
However, if the price pullback occurs again, the support zone at 1.13000 will be retested as a zone that is still holding the price from falling.
A break below the price will show a clearer bearish movement towards the previous focus levels at 1.12000 and 1.11000.
