EUR/USD Surges as Bulls Target 1.1500 on Technical Breakout
The EUR/USD pair is gaining significant momentum, surging past key resistance levels. Recently, the pair broke a crucial contracting triangle with resistance lined up at 1.1035. Further bullish signals emerged as the pair closed above the 1.1200 resistance level, marking a definitive shift. The 100 simple moving average displayed a bullish crossover, indicating strong upward momentum. Technical indicators suggest that bulls are eyeing the next target at 1.1500, setting the stage for potential gains. Investors should monitor this trend closely for trading opportunities.