EURUSD is facing 1.1376 resistance, a break of this level will confirm that the uptrend from 1.0517 has resumed, then next target would be at 1.2000 area.

Key support is at 1.0700, only break below this level could bring price back towards 1.0000.

Editor’s Note: Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the Aussie dollar without a FOREX account.  The ETF looks to track the price of the Aussie dollar (AUDUSD), minus ETF fee. The fund seeks to reflect the price of the Aussie dollar (AUDUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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