UOB analysts note EUR/USD has surged past prior resistance, targeting 1.1490 with bullish momentum building above key support.
EUR/USD has broken above prior resistance, climbing to 1.1482 in rapid intraday gains. The pair is now positioned to test 1.1490, though significant resistance remains above that level.
Recent price action marks a shift from earlier consolidation, with the pair holding above critical support. Analysts highlight the potential for further upside if momentum persists, though caution remains on broader market conditions.
No immediate market reaction was specified, but the breakout suggests growing bullish sentiment among traders.