The euro has performed a major technical breakout against the US dollar, with buyers finally breaking through the 1.1730 resistance level. Further upside gains remain likely while price trades above the 1.1730 level, with the 1.1800 level the next major technical hurdle for euro buyers. The bullish inverted head and shoulders pattern has been triggered, with an upside projection that would take the EURUSD close to the 1.1950 level.
The EURUSD pair strongly bullish while trading above the 1.1730 level, key resistance is found at the 1.1800 and 1.1850 levels.
If the EURUSD pair moves below the 1.1730 level, key support is found at 1.1700 and 1.1650 levels
