The EUR/USD currency pair shows signs of an impending bullish breakout, approaching significant resistance at 1.200. Currently trading at 1.1700, the Euro has increased by 15% since its year-to-date low.

This potential divergence between the Federal Reserve and European Central Bank enhances bullish sentiments for the Euro. Market analysts are advising readiness for a potential breakout as favorable economic conditions could lead the Euro to soar against the US dollar.

Traders tracking this pair should remain vigilant and prepare for rapid movements as the market responds to economic data releases and central bank announcements.