EUR/USD currently trades at $1.1335 as of May 23, reflecting renewed strength after breaking out from a multi-session consolidation range. The euro has gained momentum against the U.S. dollar, reclaiming its bullish structure across both intraday and higher timeframes. As the pair tests key resistance levels, a potential move higher in the short term appears likely. (Source: TradingView)
EUR/USD Eyes Further Gains After Bullish Breakout Above 1.1300
EUR/USD demonstrates strong bullish momentum after surpassing critical resistance near 1.1300.
The 4-hour chart confirms a successful breakout, suggesting further upside potential.
A daily close above 1.1350 could open the path toward the 1.1400–1.1495 resistance range.
The recent rally has pushed EUR/USD above the 1.1300 level, presenting new upside opportunities for traders. With the trend maintaining steady strength, the pair appears positioned for further bullish advancement, especially if the euro successfully overcomes the next resistance zone near 1.1360. (Source: TradingView)
Technical Breakout Confirms Bullish Momentum in EUR/USD
- According to recent 4-hour chart analysis on TradingView, EUR/USD has clearly breached a descending trendline that had been acting as dynamic resistance since its early-May peak. This breakout occurred above the 1.1290–1.1300 region — an area that previously served as resistance but is now functioning as a newly established support zone (source).
- From a technical structure standpoint, the alignment of the 20, 50, 100, and 200-period EMAs in ascending order supports a sustained bullish trend. Momentum indicators such as Bollinger Bands are widening, a classic sign of rising market volatility. The upper band is currently expanding toward 1.1364, which coincides with a prior price rejection level from mid-May, marking it as a likely short-term resistance target.
EUR/USD: Bullish Momentum Builds as Key Resistance Levels Come Into Play
- According to recent technical observations, the EUR/USD pair has shown signs of strength after bouncing back from the 1.1200 support zone. On the daily timeframe, the pair is edging closer to a major descending trendline drawn from the 2025 high, signaling a potential turning point in the medium-term structure.
Market analysts highlight the 1.1350 level as an important marker; a confirmed daily close above this threshold could open the path for a retest of the historically significant resistance band between 1.1400 and 1.1495—an area where strong selling pressure has been observed in previous cycles.
Source: TradingView chart data, May 2025.
- On the intraday 30-minute chart, EUR/USD has already broken through minor resistance at 1.1300, which has now turned into support. The pair continues to follow a short-term ascending trendline originating on May 21, indicating an orderly bullish trend. Price action is forming a pattern of higher highs and higher lows, which is often a textbook sign of uptrend continuation.
The next immediate resistance to monitor is located around 1.1355–1.1360, where sellers previously emerged. A sustained move above this zone could act as a launchpad for further gains toward the 1.1400–1.1495 range.
Source: MetaTrader 4 price feed, updated May 24, 2025.
- That said, any short-term pullback toward the 1.1300–1.1280 area is expected to find solid support from previous resistance-turned-support, making it a potential buy-on-dip opportunity for traders aligning with the current bullish momentum.
Disclaimer: The information provided here is for general informational purposes only and does not constitute investment advice. We maintain editorial independence, although this post may include affiliate links or mentions of our partners.
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