The euro currencies advance against the U.S dollar continued in the European trading session, hitting 1.1874 as buyers stayed heavily long into the U.S session. EURUSD price-action is now holding above the 1.1862 technical support level, with buyers possibly targeting the next up-leg, towards the 1.1900 handle. However, with a distinct lack of high-impact macro-economic data from North America, the daily trading-range for the EURUSD may continue to remain confined, with the weekly price-high already reached.
Should EURUSD price-action break above the 1.1874 level, further upside towards the 1.1890 and 1.1910 level appears most likely.
A loss of the 1.1835 technical level may see EURUSD price-action push-back towards the 1.1807 support level.
