EURUSD BULLS NOW HAVE THE UPPER HAND

The euro is starting to probe the 1.1351 resistance level against the US dollar, after a failed attempt to contain price below the 1.1300 level. A sustained move above the 1.1351 level supports further bullish advancement for the EURUSD pair towards the 1.1400 resistance level. It is also worth noting that price is trading within a bear flag pattern across the four-hour time frame.

The EURUSD pair is only bullish while trading above the 1.1300 level, key resistance is now found at the 1.1380 and 1.1400 levels.

If the EURUSD pair trades below the 1.1300 level, key intraday support is now found at the 1.1265 and 1.1216 levels.