The euro currency has performed a bullish breakout against the US dollar during the European trading session, with price now rising above the 1.1290 level. The EURUSD pair is likely to target the 1.1330 level now that the bullish technical breakout has occurred. It is worth noting that medium-term sellers may also be looking to sell the EURUSD pair from the 1.1330 resistance area.
The EURUSD pair is strongly bullish while trading above the 1.1290 level, key technical resistance is found at the 1.1330 and 1.1350 levels.
If the EURUSD pair trades below 1.1290 level, key intraday support is found at the 1.1250 and 1.1216 support levels.
