EURUSD INTRADAY BULLISH ABOVE 1.1700 LEVEL
The euro has moved higher against the US dollar index in early week trading, as Italian political woes subside and the greenback falls across the board. The EURUSD pair currently trades around the 1.1725 level, with intraday buyers firmly in control while price trades above the 1.1700 level. Market participants now look towards a break of the 1.1700 to 1.1750 trading range, and the release of US Factory Orders.
The EURUSD pair is intraday bullish while trading above the 1.1700 level. Key resistance is now located at the 1.1750 and 1.1800 levels.
If the EURUSD pair falls below the 1.1700 level, sellers may push price back towards the 1.1675 and 1.1640 support levels.