The euro currency has set a new monthly high against the US dollar, with the pair rallying above the 1.1400 resistance level. EURUSD bulls could target a further rally towards the 1.1430 level if they continue to hold price above the 1.1380 support level. Traders are currently using any dips towards the 1.1380 support zone as a chance to buy the EURUSD pair in anticipation of further upside gains.
The EURUSD pair is only bullish while trading above the 1.1330 level, key resistance is found at the 1.1430 and 1.1450 levels.
The EURUSD pair is only bearish while trading below the 1.1330 level, key support is found at the 1.1300 and 1.1260.
