The euro has moved to its highest trading level against the US dollar since the last ECB meeting, with the EURUSD pair hitting a fresh weekly trading above the key 1.1700 level. Yesterday EURUSD buyers gained control of the pair, as they moved price well above the former weekly trading-high, of 1.1674. Technical indicators continue to call for further upside in the EURUSD pair, with multiple daily price-closes above the 1.1713 level needed for further bullish advancement towards 1.1800.
The EURUSD pair is intraday bullish while trading above the 1.1674 level, key technical resistance is located at the 1.1713 and 1.1744 levels.
If the EURUSD pair moves below the 1.1674 level the intraday trend will turn bearish, and price may fall towards the 1.1648 and 1.1628 levels.
