The euro currency still appears bullish against the US dollar currency as traders buy any dips towards the 1.1400 support area. The next major directional move in the EURUSD pair is likely to take place once the 1.1400 to 1.1470 price range is broken. A sustained breakout above the 1.1470 resistance level exposes the EURUSD pair to further upside towards the 1.1540 resistance zone.
The EURUSD pair is only bullish while trading above the 1.1400 level, key resistance is found at the 1.1470 and 1.1540 levels.
The EURUSD pair is only bearish while trading below the 1.1400 level, key support is found at the 1.1340 and 1.1320 levels.
