EURUSD STILL BULLISH ABOVE 1.1713 LEVEL
The euro has continued to recover against the U.S dollar, hitting 1.1773 during the European trading session. Dip-buyers came out in force from 1.1713 technical level, which denotes the 2015 price-high for the EURUSD. The EURUSD pair currently trades around the 1.1750 level, after giving back some intraday gains, during another tight-ranging trading session. Traders now await weekly jobless data from the U.S, and CORE Durable Goods Orders before the release of the FOMC Meeting Minutes.
The EURUSD pair remains intraday bullish while trading above the key 1.1713 level. Further upside towards the 1.1773 and 1.1807 level remains possible if euros buyers can defend the 1.1713 level. Extended EURUSD resistance is found at the 1.1860 and 1.1910 levels.
Any loss of the 1.1713 technical level will likely see euro sellers target below the 1.1700 handle. Medium-term support zones are found at the 1.1680 and 1.1640 levels.