Euro Rises to a 4-Week High

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The euro is maintaining its bullish hold.

After rising off the 1.1700 level earlier in the past few sessions, price action broke past 1.1800 on Tuesday.

With prices breaking out above the 1.1800 level, further gains could be likely.

This will potentially set the euro on track to test the 1.1900 level of resistance which held up last time around.

To the downside, the risks are limited to the 1.1800 level. As long as this level holds as support, we could expect the upside bias to remain.

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