EURUSD Rises to a New 2-year High

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The weaker USD is pushing the EURUSD to post a fresh two-year high.

The currency pair is currently trading just a few pips away from the 1.1950 level.

Prices have managed to cut across the trend line, but a strong close will be convincing. For the moment, there is the scope that the EURUSD could be at risk of a pullback.

The 1.1900 handle will most likely serve as the immediate support level. Only a close below 1.1900 will raise the bias to the downside.

If the current momentum continues, the EURUSD will be targeting the 1.2000 handle next.

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