EUR/USD attempting to break key hurdle
EUR/USD is currently attempting to push through the crucial $1.1961 resistance level, with this level likely to dictate the state of play today. With the price currently passing through that level, watch for a convincing closed hourly or four-hour candle above $1.1961 to provide a bullish confirmation.
Should that occur, we would be looking at a setup for further upside to come as the pair heads towards the eventual major resistance level of $1.2093. This bullish outlook remains unless the price breaks below $1.1936.