EURUSD bulls attempting to take control
The euro has moved back towards the top of its weekly trading range against the US dollar, as the greenback comes under selling pressure across the board on Tuesday. EURUSD buyers are now attempting to take control of price action, with a strong move above the 1.1490 level now needed for bulls to advance towards the 1.1430 resistance barrier. Technical failure around the 1.1490 resistance level will likely encourage sellers to attack the 1.1460 support zone once again.
The EURUSD pair is only intraday bullish while trading above the 1.1490 level, key technical resistance is found at the 1.1530 and 1.1569 levels.
If the EURUSD pair fails around the 1.1490 level, sellers may test towards the 1.1460 and 1.1430 support levels.