EURUSD FURTHER BULLISH ABOVE 1.1750 LEVEL
The euro has moved to a fresh monthly trading-high against the US dollar, hitting 1.1770, as the single currency receives a strong boost from reports that the ECB will be discussing the end of its QE programme at this month’s Monetary Policy Meeting. The EURUSD pair currently trades around the 1.1750 level, with strong bullish momentum building while price holds above this key level. Traders now look for further upside in the EURUSD pair towards the 1.1800 level, with the greenback under pressure below the key 94.00 level.
The EURUSD pair is strongly bullish while trading above the 1.1750 level. Key resistance is now found at the 1.1800 and 1.1829 levels.
If the EURUSD pair moves below the 1.1750 level, sellers may test towards the 1.1730 and 1.1700 support levels.