EURUSD Gaining Upside Momentum
The Euro made an upside move from the 1.1311 low against the US Dollar and traded above the 1.1330 resistance.
The EURUSD pair is currently trading with a bullish bias above 1.1340 and looks set to break a key bearish trend line at 1.1360 on the 30-min chart.
On the downside, there is a bullish trend line at 1.1335 on the same chart, which can be considered as a major support area.
The pair may soon gain pace and break the 50% Fib level of the last decline from the 1.1419 high to 1.1311 low. The next stop for buyers could be near the 1.1380 level.