EURUSD Bullish above 1.1690

The euro currency is has risen to its highest level against the US dollar in over a week, with the pair testing towards the 1.1750 resistance zone. Technical analysis shows that the short-term bullish bias in the EURUSD pair remains valid while price trades above the 1.1690 support level. A breakout above the 1.1750 level is likely to provoke a test of the technically important 1.1780 levels.

• The EURUSD pair is only bearish while trading below the 1.1690 level, key support is found at the 1.1660 and 1.1610 levels.

•  The EURUSD pair is only bullish while trading above the 1.1690 level, key resistance is found at the 1.1750 and 1.1780 levels.