The euro is consolidating around the 1.1290 level against the US dollar as the pair remains trapped within its tightest weekly trading range of 2019 so far. The Ichimoku indicator is showing that buyers need to close price above the 1.1315 level to accelerate technical buying interest. Sellers need multiple four-hour time frame closes below the 1.1290 level to accelerate EURUSD selling.
The EURUSD pair is only bullish while trading above the 1.1290 level, key technical resistance is found at the 1.1315 and 1.1330 levels.
If the EURUSD pair trades below 1.1290 level, key intraday support is found at the 1.1250 and 1.1216 support levels.
