EURUSD TESTING ABOVE 1.2400 LEVEL
The euro has moved back above the 1.2400 level against the U.S dollar, after the pair declined over one-hundred points from an intraday-high of 1.2475, on Tuesday. EURUSD buyers now need to move price-action above the 1.2430 resistance level on a higher-time frame basis, for sustainable upside gains. Key RSI and Momentum technical indicators are also turning higher, after unwinding from overbought trading conditions on Tuesday.
The EURUSD pair retains a bullish bias above the 1.2400 level, with 1.2430 and 1.2475 levels remaining the main short-term intraday resistance levels.
Key EURUSD intraday price support below the 1.2400 level, is currently located at the 1.2382 and 1.2334 levels.