The U.S dollar is surging against all the majors this morning, since the French-German summit last week produced little results to curb the EU debt and bank crisis. The Yen and Swiss Franc played a major role during the U.S and EU economic troubles, but it seems like the Swiss Franc has been weakened after the SNB (Swiss National Bank) decided to intervene. Intraday bias remains on the upside for the EUR/USD, as long as the 1.4012 minor support line is not broken. On the downside, if the 1.4012 minor support line is broken it will reverse the bullish bias to bearish sentiment and target the 1.3836 major support line. On the upside, the currency pair has rallied yesterday to the 1.4515 level and falling short of breaking 1.4534 high.