EUR/USD Held Support

The pair traded at support level for the past few days around 1.1260. Lowest low was 1.1232 while highest high was 1.1344. It appears that the level of support was strong enough to deter ambitious bears from bringing price below 1.12.

Currently the EUR/USD is trading at 1.1330 and if we see a close above 1.1300 this would be the third consecutive day of gains for the Euro against the US dollar.

First resistance is seen at 1.1350 and major bull target is the level of 1.1530.
First support is seen at 1.1290 and major bear target remains the level of 1.1065 which is also the 200SMA.

Chart: EUR/USD D1