The EUR/USD currency pair has broken above the 1.1567 mark, surpassing the 200-hour moving average and the 38.2% retracement level of its October decline. This movement shifts the intraday bias to the upside, as the pair also overcame a resistance band between 1.1541 and 1.1546.
With the close above 1.1567, the focus now turns to the next target range of 1.15976 to 1.1600. However, a drop back below 1.1567 could indicate a potential loss of momentum for the bulls.
EUR/USD Surges Above 1.1567, Shifts Intraday Bias Higher
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