EURUSD extends toward high from last week but finds sellers

The EURUSD on Friday moved lower to test the high price from June 5 at 1.14944, and although the price dipped briefly below that level, the momentum could not be sustained. The price on Friday closed at 1.15468.

In trading today, the price in the Asian session found buyers and has been able to push the price higher.

The move to the upside has been able to get back above the April 21 high at 1.15726 with thehigh price today extended up to 1.16139. However, the price has backed off over the last few hours. That rotation has taken the EURUSD back down toward the April high at 1.15736. The low price reached 1.1577 just above that level keeping the buyers and control. . If that level continues to hold (is close risk) traders will focus on the high price from last week at 1.16312 as the next key target to get to and through to new the upside momentum.