The EUR/USD pair is trading in the 1.1320 region, and bullish, according to intraday readings. To confirm a new leg higher, the pair would need to accelerate through the 1.1340 level, as it has met sellers in the 1.1330 price zone. Technical readings in the 4-hour chart support an upcoming advance, as the pair is developing above all of its moving averages, with the 20 SMA crossing above the 100 SMA for the first time since mid-June. Technical indicators, in the meantime, head firmly higher within positive levels.
Support levels: 1.1270 1.1220 1.1170
Resistance levels: 1.1340 1.1385 1.1425
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