EURUSD BUYERS IN CHARGE ABOVE 1.1800 LEVEL
The euro has moved above the key 1.1800 level against the US dollar, hitting 1.1836, during the European trading session as the greenback slumps lower across the board. The EURUSD pair currently trades close to session highs, as bullish momentum increases after yesterday’s break above the 1.1750 level. Traders now look towards the release of weekly jobs data from United States economy, and further EURUSD gains above the 1.1800 level.
The EURUSD pair is strongly bullish while trading above the 1.1800 level. Key resistance is now found at the 1.1836 and 1.1868 levels.
If the EURUSD pair falls below the 1.1800 level, sellers may test towards the 1.1750 and 1.1700 support levels.