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EURUSD Breaks Out Strongly, Supporting Further Gains – Analysis – 15-06-2026
The EURUSD pair surged sharply during recent intraday trading, successfully breaking above the key resistance level at 1.1575, which represents the neckline of a short-term double-bottom pattern.
The move was supported by the pair’s breakout above the EMA50, reducing a major source of bearish pressure. EURUSD also breached a short-term descending trendline, reinforcing the improving technical outlook. At the same time, relative strength indicators have eased from overbought territory, allowing the pair greater room to continue climbing in the near term.
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