EURUSD Watching 1.1750

The euro currency has set a minor new weekly high against the US dollar during the European trading session, keeping the overall short-term bullish bias intact. EURUSD bulls need to stabilize price above the 1.1750 level to cement further upside towards the 1.1780 area. Overall, a weekly price close above the 1.1810 level could encourage a technical test of the 1.1900 area.

• The EURUSD pair is only bearish while trading below the 1.1730 level, key support is found at the 1.1710 and 1.1690 levels.

•  The EURUSD pair is only bullish while trading above the 1.1730 level, key resistance is found at the 1.1780 and 1.1810 levels.