28 June 2019, OctaFX – The euro has broken to the upside against the US dollar after moving above a well-defined wedge pattern the pair had been trapped in.
EURUSD technical analysis
EURUSD bulls need to break the 1.1400 level to further encourage technical buying towards at least the 1.1440 level. The release of data from the US economy later today and G20 news will be the main driver for the pair going into the weekend.
If EURUSD price trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels.
If EURUSD price trades below the 1.1380 level, key support is found at the 1.1360 and 1.1347 levels.
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