EURUSD higher high needed
The euro is trading above the 1.1250 level against the US dollar, with the pair remaining contained in a relatively narrow trading range since last Wednesday. Bulls need to break above the 1.1285 level, to encourage a key technical test of the 1.1310 level. Continued weakness under the 1.1248 level could prompt EURUSD bears to test towards the important 1.1220 support level.
If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1200 levels.
If bulls break the 1.1285 level, the EURUSD pair could trade towards the 1.1310 and 1.1355 levels.