The euro continues to trade above the 1.1300 level against the US dollar, although traders are struggling to break the important 1.1337 resistance level. In the short-term, the EURUSD pair has further scope to trade higher, as technical indicators are still correcting from extremely oversold conditions. If buyers can hold price above the 1.1300 level, further advancement towards the 1.1370 resistance level remains possible.
The EURUSD pair is bullish while trading above the 1.1300 level, key technical resistance is found at the 1.1337 and 1.1370 levels.
If the EURUSD pair moves below the 1.1300 level, sellers may test towards the 1.1260 and 1.1237 support levels.
