EURUSD bullish above 1.1248
The euro is continuing to move higher against the US dollar in early Thursday trade, following the dovish FOMC meeting minutes and testimony from Jerome Powell. The EURUSD pair has a bullish intraday bias while trading above the 1.1248 level and may target the 1.1310 level. Technically, a bullish higher-low has also been created on the charts, further encouraging EURUSD buyers.
The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels.
If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1205 levels.