EUR/USD Targets 1.1750 on Strong Bullish Momentum

EUR/USD has surged toward the 1.1750 level, displaying robust bullish momentum as traders position for continued euro strength. The pair has gained approximately 0.5% (60 pips) in recent sessions, breaking through multiple resistance levels. The rally is driven by a combination of dollar weakness reflected in the declining US Dollar Index and improving risk sentiment across global markets. Technical indicators suggest strong buying pressure, with the RSI entering overbought territory above 70, while the pair trades well above its 50-day and 200-day moving averages. The psychological 1.1750 level represents a key resistance zone that hasn't been tested since early 2024. A decisive break above this level could open the path toward 1.1800 and potentially 1.1850. Traders should monitor upcoming US inflation data and ECB policy signals for potential catalysts that could either accelerate the uptrend or trigger profit-taking at these elevated levels.