Since last week EURUSD has been pushing higher, forming higher levels and forming a bullish trend. The pair has moved from 1.1179 to a high of 1.1337 today which is the current resistance level on the hourly chart.
This bullish trend would become invalid if the EURUSD price breaks below level 1.1297.
Our view today is for the pair to try to remain withing the range between resistance level 1.1237 and support level 1.1277.
RESISTANCE LEVEL: 1.1338
SUPPORT LEVEL: 1.1277
*Analysis based on the Hourly Chart
To see the the technical chart please click here: TECHNICAL CHART
