EURO BUYERS IN CONTROL ABOVE 1.1835 LEVEL
The euro currencies advance against the U.S dollar continued in the European trading session, hitting 1.1874 as buyers stayed heavily long into the U.S session. EURUSD price-action is now holding above the 1.1862 technical support level, with buyers possibly targeting the next up-leg, towards the 1.1900 handle. However, with a distinct lack of high-impact macro-economic data from North America, the daily trading-range for the EURUSD may continue to remain confined, with the weekly price-high already reached.
Should EURUSD price-action break above the 1.1874 level, further upside towards the 1.1890 and 1.1910 level appears most likely.
A loss of the 1.1835 technical level may see EURUSD price-action push-back towards the 1.1807 support level.