The euro currency is testing towards the top of its daily price range against the US dollar after sellers failed to break below the 1.1130 support level. If buyers force price above the 1.1165 level the EURUSD pair is likely to test towards the 1.1190 resistance level. Traders may remain cautious towards positions until the FOMC meeting minutes are released during the US trading session.
The EURUSD pair is only bearish while below the 1.1165 level, key technical support is found at the 1.1130 and 1.1110 levels.
If the EURUSD pair moves above the 1.1165 level, key technical resistance is found at the 1.1190 and 1.1234 levels.
