Following the unsuccessful test of the support level at 1.0460, the bulls entered the market and we witnessed an impulsive upward movement that was limited at the psychological level at 1.0600. If the EUR/USD manages to breach this level, then it would further rise towards the next key resistance at 1.0643. In case the resistance at 1.0600 withholds the bullish pressure, then the most likely scenario would be for the pair to continue trading in the range of 1.0540 – 1.1060. The most important news for investors today is the initial jobless claims data (12:30 GMT), which may lead to higher volatility.