EURUSD FURTHER BULLISH ABOVE 1.1674 LEVEL

The euro has moved to its highest trading level against the US dollar since the last ECB meeting, with the EURUSD pair hitting a fresh weekly trading above the key 1.1700 level. Yesterday EURUSD buyers gained control of the pair, as they moved price well above the former weekly trading-high, of 1.1674. Technical indicators continue to call for further upside in the EURUSD pair, with multiple daily price-closes above the 1.1713 level needed for further bullish advancement towards 1.1800.

• The EURUSD pair is intraday bullish while trading above the 1.1674 level, key technical resistance is located at the 1.1713 and 1.1744 levels.

• If the EURUSD pair moves below the 1.1674 level the intraday trend will turn bearish, and price may fall towards the 1.1648 and 1.1628 levels.