• EUR/USD continues to trade toward peak of a big rise - bullish

• Pair sustaining most its gains when traders long - bullish

• 2025 peak at 1.1147 EBS almost met 1.1148 target for this year's rally

• 1.1148 is 50% fibo target for rise starting at 1.0125 - next is 1.1246

• The 100-MMA is 1.1196 - no close over since Sep 2022

• Highest traded since 2021 is 1.1276 and 1.1272 is key retracement point

• 1.1272 is 61.8% retracement of drop seen during U.S. tightening cycle

• Fed easing may fuel EUR/USD rise - big gains if 1.1276 ever exceeded

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EURUSD targets


EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)