The euro has moved above the 1.1200 level against the US dollar following much stronger than expected economic data from the eurozone economy this morning. The EURUSD pair could surge towards the 1.1250 level if bulls can move price above the important 1.1216 level. Overall, the EURUSD pair now has a bullish short-term trading bias while trading above the 1.1174 level.
The EURUSD pair is only bearish while trading below the 1.1174 level, key technical support remains at the 1.1150 and 1.1135 levels.
If the EURUSD pair trades above the 1.1216 level, key resistance is found at the 1.1250 and 1.1267 levels.
