The euro currency remains bullish against the US dollar in the short-term, due to a lack of selling interest below the 1.1240 support area. EURUSD bulls may attempt to rally the pair towards the 1.1300 resistance level if key support continues to hold. If a sustained breakout above the 1.1330 resistance level occurs, then the EURUSD pair could rally back towards the 1.1380 area.
The EURUSD pair is only bullish while trading above the 1.1240 level, key resistance is found at the 1.1300 and 1.1330 levels.
The EURUSD pair is only bearish while trading below the 1.1240 level, key support is found at the 1.1180 and 1.1150 levels.
