EURUSD rises above 100-hour moving average signaling bullish momentum

The EURUSD currency pair has risen above its 100-hour moving average of 1.05659, breaking a previous resistance level. Earlier today, the price dipped to 1.0560 before bouncing back, reaching an intraday high of 1.0589. Key targets for further gains include 1.05926, which aligns with swing lows from November 12 and 13, and a swing high from Friday. A move above this level could lead to resistance between 1.0600 and 1.0610, with the next significant target at the 200-hour moving average of 1.0642. Sustaining the price above the 100-hour moving average indicates bullish momentum. A drop below this level would shift control back to sellers.