The euro currency has staged a powerful upside move against the US dollar as the greenback fell against most major currencies yesterday. Technical analysis shows that the 1.1350 resistance level is the strongest form of technical resistance prior to the 1.1410 level. EURUSD bears may look to sell the pair if weakness persists below the technically important 1.1310 level.
The EURUSD pair is only bullish while trading above the 1.1270 level, key resistance is found at the 1.1350 and 1.1380 levels.
The EURUSD pair is only bearish while trading below the 1.1270 level, key support is found at the 1.1240 and 1.1200 levels.
