The euro is trading towards the best levels of the week against the US dollar after the pair moved above the major technical resistance, at 1.1174. If the EURUSD pair continues to trade above the 1.1174 level, the next key resistance area to watch is the 1.1216 level. EURUSD traders are now awaiting the release of French and eurozone GDP data this morning, with expectations tilted to the upside.
The EURUSD pair is only bearish while trading below the 1.1174 level, key technical support is found at the 1.1150 and 1.1135 levels.
If the EURUSD pair holds above 1.1174 level, key intraday resistance is found at the 1.1216 and 1.1250 levels.
