EURO dollar made a high around 1.4227 last week, a little short of the yearly high at 1.4229.
The price mainly went sideways to form a new range base to set up for new highs.
This week a break above 1.4229 will be bullish. EURO$ could move up to last year’s high area 1.4275 to make new highs.
The next major resistance is around 1.4375-1.44 range.
If US$ continues going down, it will help the EURO$ to achieve those high targets.
For the downside, a break under 1.40 line could lead price down to 1.39-1.3835 range to test the low of the uptrend channel.
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Euro$ Daily chart
