What's going on with it? Better economic US data driving the pair upwards and soon the Euro-Zone is facing a serious economic crisis if they stay on the path it's currently on.
EUR/USD trading at the moment at about 1.4223, which would have been a crazy number a few weeks ago when most investors predicted a much lower value. However it seemed the pair has stalled against it's resistance level. It's a good time to jump in with a stop placed @ 1.4285. There will be a pullback soon. Maybe not from the US side, although that's likely.. more from the fundamentals from the Euro zone.