EURUSD 1.1380 now key

The euro currency has set a new monthly high against the US dollar, with the pair rallying above the 1.1400 resistance level. EURUSD bulls could target a further rally towards the 1.1430 level if they continue to hold price above the 1.1380 support level. Traders are currently using any dips towards the 1.1380 support zone as a chance to buy the EURUSD pair in anticipation of further upside gains.

• The EURUSD pair is only bullish while trading above the 1.1330 level, key resistance is found at the 1.1430 and 1.1450 levels. 

• The EURUSD pair is only bearish while trading below the 1.1330 level, key support is found at the 1.1300 and 1.1260.