The euro has broken above the 1.1674 level against the US dollar during the European trading session, after better than expected German economic data. The EURUSD pair has so far been capped by the 1.1710 resistance level, with price falling just short of the key 1.1719 level. Buyers will now try to break the 1.1719 resistance level, while sellers will try to once again contain price below the 1.1674 level.
The EURUSD pair is bullish while trading above the 1.1674 level, key resistance is now found at the 1.1719 and 1.1800 levels.
If the EURUSD pair moves below the 1.1674 level, key technical support is now found at the 1.1650 and 1.1630 levels.
