EURUSD TRADERS STILL FOCUSED ON 1.2432 LEVEL
The euro has remained consistent with the recent strong uptrend against the greenback, with price-action climbing back towards the 1.2500 level, following a weakening of the U.S dollar index back below the 89.00 mark. The EURUSD has so far found intraday resistance at the 1.2493 level, with pair now trading around the 1.2460 level. Moving into the U.S session, traders will look to U.S GDP and Trade Balance figures, and U.S President Donald Trump’s scheduled speech at the World Economic Forum.
The EURUSD pair remains intraday bullish while trading above the 1.2432 level, key resistance is set at the 1.2493 and 1.2537 levels.
If the EURUSD pair starts to trade under the 1.2432 level for a sustained period, sellers may push price towards the 1.2400 and 1.2364 levels.