The euro currency has moved back towards key intraday resistance against the US dollar after the 1.1200 support held firm during the European trading session. If buyers can move price above the 1.1216 level the 1.1230 level offers the strongest form of near-term resistance. Overall, EURUSD bulls need to make a new monthly high to encourage the next round of buying in the pair.
The EURUSD pair is only bullish while trading above the 1.1216 level, key technical resistance is found at the 1.1230 and 1.1264 levels.
If the EURUSD pair moves below the 1.1200 level, key technical support remains at the 1.1190 and 1.1164 levels.
