币界网报道：EURUSD has been steadily moving higher since May 12, rising from a low of 1.1065 to this week’s high of 1.18266, a gain of 761 pips or 6.88% in 37 trading days. The gains have been supported by solid upside momentum and general USD weakness. On a year-to-date basis, EURUSD has gained an impressive 13.78% after closing 2024 at 1.0354. The gains were driven by a sustained USD sell-off in 2025, amid growing concerns about US debt levels and the reallocation of global capital. This strength has persisted even as Eurozone interest rates have moved lower, highlighting the dominance of USD-centric flows and a bullish technical breakout above resistance. Technically, the pair has remained above its 100 hourly moving average since June 23, solidifying the bullish tone. This moving average – currently at 1.17487 (see blue line in the chart above) – was tested earlier today, but buyers held their ground and pushed the pair back to 1.1781. The ability to hold above this support level continues to validate the buyers’ control. Looking ahead, the 100-hour moving average remains a key short-term support level. A sustained break below this level is needed to shift the bias in favor of sellers. Until then, the path of least resistance remains to the upside. The next key upside targets are located at today’s high of 1.1808 and yesterday’s high of 1.18266. A break above these levels would open the door to the next major target of 1.1909, a level not seen since July and September 2021. The dollar sell-off could be a boon for U.S. companies that sell outside the U.S., but a disadvantage for European companies that sell in the U.S.