The euro continues to advance higher against the greenback, as the EURUSD pair’s recent recovery from the 1.1600 level gathers pace. The EURUSD pair has been finding dip-buying demand on pullbacks, and retains an intraday bullish bias while trading above the 1.1674 level. Buyers will try to move price above the 1.1674 level, while intraday sellers will target the recent swing-low, at 1.1618.
The EURUSD pair is only intraday bullish while trading above the 1.1674 level, key resistance is found at the 1.1700 and 1.1724 levels.
If EURUSD pair fails around the 1.1674 level, key technical support is found at the 1.1642 and 1.1618 levels.
