EURUSD approaching key resistance area
The euro has continued to advance higher against the US dollar currency during the European trading session, with price now trading around the 1.1440 level. The 1.1470 level is the key technical zone traders will be watching if the EURUSD pair continue to press higher. Sellers will likely look for a risk-reward entry from the 1.1470 area, while bulls will look to trigger technical buying up to the 1.1550 level from this area.
The EURUSD pair is strongly intraday bullish while trading above the 1.1470 level, key technical resistance is found at 1.1500 and 1.1550 levels.
If the EURUSD pair moves back under the 1.1430 level, sellers may test towards the 1.1410 and 1.1360 support levels.