This is the most popular currency pair in the world, representing the world's two largest economies. The Euro was created to facilitate cross-border trade of European trading partners. Since its inception in 1999, the pair has faced considerable volatility as the world has faced multiple events of volatility such as the tech boom becoming the tech bust, the real estate bubble, and the European Debt Crisis which still has yet to find long-term resolution.
After today's weak US GDP reading, EUR/USD has popped into 1.1166-1.1188 resistance zone. Volume is muted while sentiment is growing suggesting the potential for a surprise move.