EURUSD TARGETING 1.1500
The single currency is in the process of a major technical upside breakout, as the U.S dollar index continues to come under pressure, following the Donald Trump Junior email release.
The EURUSD pair continues to surge higher, printing 1.1488, as the pair closed above the 1.1445 level, which represents the euro yearly price high, towards the close of yesterday's European trading session.
At present the EURUSD pair is strongly bullish on all time frames, and is targeting the psychological 1.1500 level.
Looking above the 1.1500 level, further euro resistance is found at the May 4th 2016, price high at 1.1529, and then the May 3rd 2016 price high, at 1.1616.
To the downside, the recent swing price at 1.1458 offers nearby EURUSD technical support. Further strong intraday support, comes from the former euro yearly price high, at 1.1445, with the calculated daily pivot just below, at 1.1443.