The EURUSD has broken to a new high for the month and the year. The price extended above highs from June between 1.1614 to 1.16297. The high price extended to 1.1641 so far. That represents the highest levels going back to October 2021. With the break, the next key target area comes between 1.1663 and 1.16916. That area corresponds with swing lows and swing highs going back to April 2021 through November 2021 before the pair started a trend-like move to the lows reached in September 2022.With the price now trading away from the June highs down to 1.1614, that level is now close to support. If the price can remain above that level, the buyers remain in firm control. If the price moves below that level, there could be some disappointment on the failure. Additional support would then be focused on the 1.1578 level, where the price based earlier today at session lows. It was also a swing high going back to last week (on June 17).The video above outlines the key levels in play and explains why. This article was written by Greg Michalowski at www.forexlive.com.