Direct answer
Fed dovish pivot or softer US data could weaken dollar, pushing EUR/USD toward 1.0675. ECB hawkish tilt also supportive.
Most likely bullish catalysts
US data miss
Improving us data miss can support a stronger bid in EUR/USD.
Fed rate cut odds rise
Improving fed rate cut odds rise can support a stronger bid in EUR/USD.
Eurozone inflation uptick
Improving eurozone inflation uptick can support a stronger bid in EUR/USD.
What confirms the rally
- Confirm the move is supported by ecb vs fed expectations rather than a thin short squeeze.
- Check whether leadership across related forex markets is also improving.
- Only trust continuation if the chart holds gains after the first impulsive push.