EURUSD losing bearish momentum
The euro is starting to lose bearish momentum against the US dollar as sellers continue to struggle to break the key 1.1300 support level. The EURUSD is trading back above the pivotal 1.1337 level, with bulls attempting to launch another attack at the 1.1370 resistance level. If buyers can force price above the 1.1370 level, the 1.1500 resistance level is the overall weekly bullish target.
The EURUSD pair is only bearish while trading below the 1.1300 level, key support is found at the 1.1290 and 1.1250 levels.
If the EURUSD pair trades above the 1.1370 level, key resistance is found at the 1.1410 and 1.1500 levels.