EURUSD bulls still in control

The euro has staged a minor technical correction against the greenback after the pair found strong resistance from the 1.1550 resistance area.  EURUSD bulls still have control of the pair in the short-term while price trades above the 1.1470 support zone. Dip-buyers are still likely to buy any technical pullbacks towards the 1.1500 level, in anticipation of a coming rally towards the 1.1600 level.

• The EURUSD pair is only bullish while trading above the 1.1470 level, key resistance is found at the 1.1550 and 1.1620 levels. 

• The EURUSD pair is only bearish while trading below the 1.1470 level, key support is found at the 1.1420 and 1.1400 levels.