currency is becoming increasingly bullish
against the US dollar
in the short-term, as the pair continues to hold price above key technical support. EURUSD
dip-buying is now preference as bulls attempt to force price above the 1.1238 resistance barrier. Overall, the EURUSD
pair is only technically bearish
on an intraday basis while trading below the 1.1187 support level
pair is only bearish
while trading below the 1.1187 level, key support is found at the 1.1170 and 1.1138 levels.
If the EURUSD
pair trades above the 1.1187 level, bulls may test towards the 1.1238 and 1.1280 levels.