EURO INTRADAY BULLISH BIAS INTACT ABOVE 1.2258
The euro has move higher against the U.S dollar during the European session, hitting 1.2294, as the U.S dollar index declines to fresh 3-year trading lows. The EURUSD pair moved higher, amidst strong selling in the greenback, as U.S lawmakers work to avoid a U.S government shutdown next week. Price-action currently trades around the 1.2270 level, with the pairs weekly trading high still intact, at 1.2320. Traders now look to the release of high-impact U.S macro-economic data, whilst a host of Federal Reserve members are out delivering scheduled speeches.
The EURUSD remains strongly bullish while price-action traders above the 1.2258 level, further upside towards 1.2320 and 1.2350 seems possible.
Should the EURUSD move below the 1.2258 level, sellers may push price-action towards the 1.2200 and 1.2155 support levels.