The EUR/USD exchange rate has shown a notable upward trend, reaching fresh rebound highs and nearing $1.11. Analysts observed that the currency pair retraced higher to yesterday's high, with some predicting further increases. The rate climbed significantly, hitting levels above $1.13 and almost reaching $1.15. Additionally, the euro is leading gains against the British pound, with the EUR/GBP reaching an eighteen-month high of 0.8700, up from 0.8250 just over a month ago. The current momentum in the EUR/USD market indicates a bullish sentiment among traders.