EURO STRONGLY BULLISH ABOVE 1.2000 LEVEL
The euro continues to trade above the psychological 1.2000 level against the U.S dollar, with the single currency remaining well-bid in the first trading day of 2018. The EURUSD pair currently trades around the 1.2020 region, with buyers still struggling to hold price-action above the key 1.2030 technical resistance level. During the upcoming European trading session, eurozone economic data takes center stage, as traders and investors react to a flurry of PMI Manufacturing activity during the month of December.
The EURUSD pair is strongly bullish while trading above the 1.2000 level, buyers can easily move push price-action towards 1.2040 and 1.2092.
Should the EURUSD pair move below the 1.2000 technical level, sellers target back towards the 1.1959 and 1.910 support regions.