EURO BULLS TARGET 1.1400
After suffering four consecutive days of trading losses, EURUSD bulls have re-emerged during the European session, taking the euro back above the 1.1370 level, with EURUSD buyers now looking to close price back above the 1.1400 level.
The euro's failure to close beneath the key 1.1330 technical level on a higher time frame basis, sent a strong signal to EURUSD buyers that the pair still remains bullish.
Intraday resistance for the EURUSD is found at the 1.1412 level, and the June 29th, yearly price high at 1.1445. Above 1.1455, the key Fibonacci level, 1.1458 comes into focus.
To the downside, key EURUSD technical support is found at the daily pivot point at 1.1353, and the calculated monthly pivot point at 1.1330.