During early trading hours in Asia on Friday, the EUR/USD currency pair powered through the 1.1500 level. That represents the third consecutive day of increases for the currency pair. As of writing, the currency couple is exchanging hands around the 1.1520 level, proving a strong bullish continuation breakout. This increase coincides with a recent drop in dollar value. Perhaps it’s just the technical pullback that always seemed likely.
According to market analysts, the recent shifts in the EUR/USD pair serve as an indicator of the overall mood within the forex market. As the US Dollar has been on a long term downward trend, more and more people are looking at the Euro. With traders proceeding with caution amid changing economic data sets and geopolitical tension globally, the relationship between these two currencies continues to be closely watched.
One analyst noted the importance of the overall trend as the EUR/USD pushes above 1.1500. This increase result is likely attributed to the recent drop in the US Dollar, due in part to a technical correction.
Over the past few days, the EUR/USD pair has benefited from favorable market conditions, rising steadily as investors react to developments in both the European and US economies. Whether it’s an economic data release or a central bank statement, each announcement is intensely scrutinized by traders and can make or break their decisions and strategies.
According to BofA global FX strategist Kamakshya Trivedi, technical factors are driving the currency pair. At the same time, there is increasing interest in determining the highest value trading opportunities. As the market evolves, brokers providing competitive trading conditions become essential for traders seeking to capitalize on price movements.
“Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms.” – Source not explicitly mentioned, but likely from FXStreet.
As the session progresses, traders are advised to stay informed about upcoming economic indicators that may impact the EUR/USD movement.