The euro currency continues its bullish streak with price action trading comfortably above the 1.1400 handle.

Price action is now posting gains for four consecutive days. However, following the rise to a four-month high, the euro has given up most of its intraday gains.

Therefore, there is a strong chance that traders are booking profits ahead of today’s ECB meeting.

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If the euro loses the 1.1400 handle, then we expect a move back to the initial support level near 1.1347.

We could then expect price action to maintain a sideways range. However, the bias looks to the upside for EURUSD for now.


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