The euro currency has continued to move higher against the US dollar during the European trading session, with bulls now testing towards the pairs former weekly trading high. If the EURUSD pair trades above the 1.1325 level, a further advance towards the 1.1360 level may occur. The daily time frame is also showing that a bearish head and shoulders pattern could form.
The EURUSD pair is strongly bullish while trading above the 1.1290 level, key technical resistance is found at the 1.1325 and 1.1360 levels.
If the EURUSD pair trades below 1.1290 level, key intraday support is found at the 1.1250 and 1.1216 support levels.