The euro has enjoyed a busy European trading session against the US dollar, with bulls already provoking a technical test of the 1.1400 resistance level. A move above the 1.1400 level could easily catapult the EURUSD pair towards the 1.1440 resistance area. The 1.1370 level is now interim support, with the 1.1347 level the major downside level to watch if bears take back short-term control.
The EURUSD pair is only bearish while trading below the 1.1347 level, key support is found at the 1.1321 and 1.1290 levels.
If the EURUSD pair trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels.