The euro continues to trade above the 1.1300 level against the US dollar, with the single currency receiving a slight boost from better than expected EU PMI data. The EURUSD pair has a intraday bullish while trading above the 1.1290 level and may target towards the current monthly high. A move below the 1.1290 level will likely trigger short-term selling towards the 1.1260 level.
The EURUSD pair is only bearish while trading below the 1.1290 level, key support remains at the 1.1260 and 1.1245 levels.
If the EURUSD pair trades above the 1.1290 level, key technical resistance is found at the 1.1320 and 1.1347 levels.
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