EURO STILL BULLISH ABOVE 1.1640 LEVEL
The euro has opened the new trading week above key technical support against the U.S dollar, as the U.S corporate tax reform delay continues to drive financial market sentiment. The EURUSD pair trades around the 1.1655 level, as the U.S dollar index remains under selling pressure. Traders will take cues from the next move in stocks and the U.S dollar index, with no-less than six Federal Reserve Presidents speaking over the coming twenty-four hours.
The EURUSD pair remains intraday bullish while trading above the 1.1640 level, further upside towards the 1.1676 and 1.1710 resistance levels seems likely.
Should price-action decline below the 1.1640 technical level, further downside towards the 1.1610 and 1.1573 support levels remains likely.