The euro currency has continued to advance higher against the US dollar, with the pair now testing above the 1.1400 resistance level. Bulls now need to break above the pivotal 1.1430 level, in order to encourage further technical buying towards the weekly trading high. To the downside, a strong move under the 1.1360 support level is currently needed for sellers to regain control of price action.
The EURUSD pair is bullish while trading above the 1.1430 level, key technical resistance is found at 1.1470 and 1.1500 levels.
If the EURUSD pair moves under the 1.1360 support level, further losses towards the 1.1300 and 1.1260 levels remain possible.