currency has recovered above the 1.1300 level against the US dollar
after finding buying interest from the 1.1269 support level
. Price is now moving towards key trendline
resistance from the well-defined triangle pattern
, found at the 1.1328 level. If sellers fail to defend this key technical area, buyers can easily force the EURUSD
pair much higher towards the 1.1360 level.
pair is only bullish
while trading above the 1.1328 level, key technical resistance is found at the 1.1360 and 1.1400 levels.
If the EURUSD
pair trades below the 1.1300 level, sellers are may test towards the 1.1269 and 1.1216 support levels.