EURUSD NOW BULLISH ABOVE 1.1900
The euro currency has started to find short-term buying interest against the US dollar, after the United States economy posted weaker than expected CPI inflation data on Thursday. The EURUSD pair continues to trade above the 1.1900 level, as the greenback comes under selling pressure from overbought levels. Moving into the US trading session, traders will likely look towards the key 1.1900 level for intraday directional guidance.
The EURUSD pair is bullish while trading above the 1.1900 level, key resistance is found at the 1.1925 and 1.1945 levels.
If the EURUSD pair starts to trade below the 1.1900 level, we may see a correction back toward the 1.1874 and 1.1840 support levels.