The euro has moved to a fresh monthly trading high against the greenback during the European trading session, as the US dollar index tumbles below the 96.00 level. EURUSD bulls are now targeting towards the 1.1500 level after a strong technical break above the 1.1470 resistance level. The MACD indicator continues to rise across the four-hour time frame, with buyers increasingly likely aim for 1.1553 level in the medium-term.
The EURUSD pair is strongly bullish while trading above the 1.1470 level, key technical resistance is now found at the 1.1500 and 1.1553 levels.
If the EURUSD pair declines below the 1.1470 level, sellers may target the 1.1452 and 1.1431 support levels.