The euro is appearing increasingly bullish against the US dollar in the short-term, with the pair becoming bought up sharply on any technical pullbacks. If EURUSD bulls can stabilize price above the bearish double-top pattern, the pair could launch an attack towards huge weekly resistance, at 1.1290. Only a sustained move below the 1.1187 level can dampen the bullish sentiment towards the EURUSD.
The EURUSD pair is only bearish while trading below the 1.1187 level, key support is found at the 1.1160 and 1.1135 levels. If the EURUSD pair trades above the 1.1238 level, bulls may test towards the 1.1290 and 1.1323 levels.