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EURUSD Chart on the weekly time frame

In accordance with the previously outlined technical perspective, the EUR/USD pair extended its bullish trajectory for a second consecutive week. 

The advance confirmed a decisive breakout above the prior daily bearish price channel, establishing a constructive foundation for further gains. 

A minor resistance level near 1.1680, likely attributable to near-term profit-taking, temporarily capped the rally. 
The technical structure suggests a potential for a brief corrective pullback in the initial sessions toward the 1.1600 support zone, which would precede a subsequent resumption of the uptrend. The initial upside objective is projected near 1.1800, derived from the measured move of the broken channel.

The broader technical outlook remains positive, interpreting the current consolidation as a corrective phase within a persistent medium to long-term uptrend. Consequently, the strategic bias favors buying on dips. 

This is operationalized through a two-tiered risk management approach: a near-term position can be initiated with a stop-loss placed below 1.1580, targeting 1.1800. For a medium-term horizon, a wider stop-loss can be established below the 1.1300 level, with an ultimate profit objective near 1.2200.