EURUSD STRONGLY BULLISH ABOVE 1.1813
The euro currency continues to drive higher against the U.S dollar, with price-action so far reaching 1.1849 in early Wednesday trading. The EURUSD pair has looked past the U.S Senate passing the Trump administration Tax Reform Bill overnight. Strong technical buying was seen in the euro, after the pair broke above the key 1.1813 resistance level, further boosting buying interest. Traders now look to German PPI inflation figures, and Existing Home Sales data from the United States economy.
The EURUSD pair remains strongly bullish while price-action trades above the 1.1813 technical level. Buyers may look now look to target the 1.1860 and 1.1890 resistance zones.
Should the EURUSD pair start to move below the 1.1813 support level, further declines may be seen toward the 1.1787 and 1.1770 levels.