The euro has started the new trading week on the attack against the US dollar, with the pair now trading at a new multi-year high. EURUSD bulls face extremely strong technical resistance from the 1.1685 level and the 1.1710 barriers ahead. Traders make start to book some profits before the FOMC rate decision if they failed to surpass the mentioned resistance areas.
The EURUSD pair is only bullish while trading above the 1.1580 level, key resistance is found at the 1.1685 and 1.1710 levels.
The EURUSD pair is only bearish while trading below the 1.1580 level, key support is found at the 1.1530 and 1.1470 levels.
