The EUR/USD pair is currently showing signs of a potential breakout. Analyzing the 4-hour chart reveals that the pair has settled below the 100 simple moving average (indicated in red) but has managed to stay above the 200 simple moving average (marked in green). Recently, a low was formed at 1.1265. Now, the pair seems poised for a fresh increase. Traders keenly observe these levels as they could indicate a shift in momentum favoring the Euro.