EUR/USD breaks above 1.1722 on ECB's hawkish shift and falling US yields

EUR/USD has surged above 1.1722, breaching the 100-hour moving average as markets respond to ECB President Christine Lagarde's notably hawkish comments. Lagarde stated that the disinflationary process is complete and trade uncertainties have diminished, signaling potential policy tightening ahead. The euro's strength is amplified by a significant decline in US Treasury yields, with the 10-year rate dropping below 4% for the first time since April 7, weakening dollar appeal. Technical momentum remains bullish with the pair clearing the key 100-hour moving average at 1.1722, opening the path toward 1.1750 resistance. The shift in ECB rhetoric contrasts sharply with market expectations for continued Fed easing, creating a favorable interest rate differential for the euro. Traders should monitor the 1.1722 level as new support, with sustained trading above this threshold potentially accelerating gains toward the 1.1800 psychological barrier.