EURO BUYERS IN CONTROL ABOVE 1.2300 LEVEL
The euro continues to push higher against the greenback, with price-action earlier hitting 1.2329, on broad-based weakness in the U.S dollar index. The EURUSD pair is currently intraday bullish while trading above 1.2300 level, although the pair needs to move clearly above the 1.2382 resistance level to regain its medium-term bullish bias. With a lack of eurozone macroeconomic data, traders will look towards the 89.83 support level on the U.S dollar index and release of U.S PPI inflation numbers.
The EURUSD pair is intraday bullish bias while trading above the 1.2300 level, key intraday resistance is found at the 1.2344 and 1.2382 levels.
Should the EURUSD pair decline below the 1.2300 level, key intraday support is found at the 1.2275 and 1.2252 levels.