The euro currency is once again trading above the 1.1400 resistance level against the US dollar, as the recovery from the 1.1300 level gathers pace. The EURUSD pair is likely to advance further if the 1.1430 level is broken, it remains a key area that traders have struggled with this week. A bullish inverted head and shoulders pattern is also clearly visible across the lower time frames.
The EURUSD pair is bullish while trading above the 1.1430 level, key resistance is found at the 1.1480 and 1.1507 levels.
If the EURUSD pair moves below the 1.1400 level key support is found at the 1.1370 and 1.1335 levels.
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