The EUR/USD pair faced resistance at the level of 1.1421, while minor resistance is seen at 1.1343.
Support is found at the levels of 1.1259 and 1.1207. Yesterday, the EUR/USD pair continued to move upwards from the level of 1.1259.
The pair rose from the level of 1.1259 to the top around 1.1321. In consequence, the EUR/USD pair broke resistance, which turned strong support at the level of 1.1259.
Today, the level of 1.1259 is expected to act as major support. Hence, we expect the EUR/USD pair to continue moving in the bullish trend from the support level of 1.1259 towards the target level of 1.1343.
If the pair succeeds in passing through the level of 1.1343, the market will indicate the bullish opportunity above the level of 1.1343 in order to reach the second target at 1.1421 to test the double top in the H1 time frame.
However, the price spot of 1.1421 remains a significant resistance zone. Thus, the trend will probably be rebounded again from the double top as long as the level of 1.1421 is not breached.