The EURUSD has continued its climb, reaching a fresh session high and in the process breaking above the July 1 peak for the year at 1.18289. That move is technically significant as it takes the pair to its highest level since September 2021, underscoring the strength of the current bullish momentum.
Looking at the daily chart, the break opens the door to the next key resistance zone, which comes in around the 1.1909 area. That region is defined by a pair of prior swing highs: on September 3, 2021, the EURUSD reached a high of 1.1909, while on July 30, 2021, the pair topped at 1.19087. The tight clustering of those levels adds to their importance, and traders will likely use that area as the next key decision point for price action.
If momentum continues, a clean move through 1.1909 would shift focus toward even higher retracement targets, reinforcing the bullish bias that has built as the pair steadily moved through prior resistance points this month. Conversely, support is now firming at the 1.18289 breakout level, with buyers expected to defend that area on any dips. Below that, other support comes in at 1.1788, which was the high price from July 24.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about eurusd trades to its highest level since september 2021 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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