EURUSD technical breakout nears
Buyers continue to drive the euro higher against the US dollar, with the pair approaching a major technical breakout above the 1.1370 level. Price-action has also turned more bullish, with dip-buying now seen on any technical pullbacks in the short-term. The release of the Federal Reserve Open Market Committee meeting minutes later today is likely to be a major directional driver for the EURUSD pair.
If the EURUSD pair moves above the 1.1370 level, buyers may test towards the 1.1410 and 1.1450 resistance levels.
Technical failure before the 1.1370 level may provoke technical selling towards the 1.1337 and 1.1300 support levels.