EURO BULLISH ABOVE 1.1800
The euro currency has pulled back towards the 1.1800 level against the U.S dollar, after earlier trading as high as 1.1857. A move lower in European stocks and a stronger U.S dollar index have contributed to the EURUSD shedding intraday gains. Price-action currently trades around the 1.1809 level, as traders await key housing data from the U.S economy.
The EURUSD pair retains a bullish intraday trading bias while holding price above the key 1.1800 level. Further upside towards 1.1816 and 1.1833 can be expected while the bullish tone continues. Extended resistance is found at 1.1857 and 1.1875.
If intraday EURUSD sellers push price-action below the key 1.1800 level, further declines towards 1.1790 and 1.1770 should be expected. Extended intraday support is found at 1.1755 and 1.1730.