EURUSD STRONGLY BULLISH ABOVE 1.2430 LEVEL
The euro has moved to its highest trading level of the month against the greenback, as the U.S dollar index slumps lower towards the 89.00 technical level. The EURUSD pair is still strongly bullish across all technical indicators, with price-action continuing to firm above the 1.2430 level. Traders now look to the next directional move in the U.S dollar index, and the release of March Consumer Confidence data from the U.S economy later today.
The EURUSD pair remains strongly bullish above the 1.2430 level, with buyers targeting the 1.2500 and 1.2555 resistance levels.
Should EURUSD price-action trade below the 1.2430 level, a correction towards the 1.2400 and 1.2382 levels seems likely.