EURUSD awaiting channel break
The euro currency is building intraday bullish pressure against the US dollar, as traders continue to buy any dips lower in the pair. EURUSD bulls are attempting to break back inside a rising price channel on the four-hour time frame, with trendline resistance just above the 1.1370 level. The 1.1300 level currently offers the strongest form of technical support on any moves lower.
The EURUSD pair is bullish while trading above the 1.1300 level, key resistance is found at the 1.1375 and 1.1410 levels.
If the EURUSD pair trades below the 1.1337 level, key support is found at the 1.1300 and 1.1280 levels.