April 11, 2025 — The euro surged against the U.S. dollar on Thursday, with the EUR/USD currency pair reaching its highest level in three years. The pair decisively broke through the critical resistance level of 1.1200, extending the strong upward momentum established in the previous trading session.
This notable advance comes as the pair continues to follow a dominant bullish trend, supported by movement along a well-defined ascending trend line. Despite the Relative Strength Index (RSI) signaling overbought conditions and showing negative overlapping indicators, buying pressure remains robust, underscoring strong market demand for the euro.
The RSI’s entry into overbought territory typically suggests a potential slowdown or correction. However, the prevailing bullish sentiment and sustained technical strength have so far overridden these concerns, allowing the euro to continue its upward trajectory against the dollar.
Market analysts are closely watching for further developments, as the next resistance levels could be tested in the near term, depending on whether bullish momentum is maintained.
Related topics: