EURUSD still bullish

The euro currency remains bullish against the US dollar in the short-term, due to a lack of selling interest below the 1.1240 support area. EURUSD bulls may attempt to rally the pair towards the 1.1300 resistance level if key support continues to hold. If a sustained breakout above the 1.1330 resistance level occurs, then the EURUSD pair could rally back towards the 1.1380 area.

• The EURUSD pair is only bullish while trading above the 1.1240 level, key resistance is found at the 1.1300 and 1.1330 levels. 

• The EURUSD pair is only bearish while trading below the 1.1240 level, key support is found at the 1.1180 and 1.1150 levels.