EURUSD trading inside flag pattern
The euro currency has continued to press higher against the US dollar during the European trading session, with the pair trading towards the upper end of its two-week range. The EURUSD pair is currently trapped within a bull flag pattern, which supports a break above the 1.1360 resistance area. Only a sustained technical break below the 1.1300 level can change the sentiment surrounding the pair.
The EURUSD pair is bullish while trading above the 1.1300 level, key resistance is found at the 1.1370 and 1.1410 levels.
If the EURUSD pair trades below the 1.1300 level, key support is found at the 1.1280 and 1.1250 levels.