The euro continues to rise against the US dollar, with the pair performing a bullish daily price close above the key technical resistance. The EURUSD pair is likely to test the 1.1120 level if a breakout above the 1.1090 level occurs, although the 1.1180 level is by far more technically important. Overall, the release of the FOMC meeting minutes later today could provoke the next wave of US dollar selling.
• The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1045 and 1.1020 levels.
• The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1090 and 1.1120 levels.
• The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1045 and 1.1020 levels.
• The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1090 and 1.1120 levels.
