EURUSD bullish bias above 1.1290
The euro has advanced to a fresh weekly trading high against the US dollar during the European trading session, with the pair testing towards the 1.1300 resistance level. The EURUSD pair holds an intraday bullish bias while trading above the 1.1290 level and may test towards the 1.1325 level. The MACD indicator on the four-hour time frame has also just turned bullish.
The EURUSD pair is strongly bullish while trading above the 1.1290 level, key technical resistance is found at the 1.1325 and 1.1360 levels.
If the EURUSD pair moves under the 1.1290 level, sellers may test back towards the 1.1260 and 1.1230 levels.