EURUSD FURTHER BULLISH ABOVE 1.1800 LEVEL
The euro continues to press against the 1.1800 level against the US dollar, as traders buy the single currency over reports that the ECB will soon be discussing an exit to its QE programme. The EURUSD pair is likely to see further gains above the 1.1800 level, as bullish sentiment surrounding the euro currency gathers pace. EURUSD traders await the release of key eurozone Gross Domestic Product data this morning, with expectations tilted to the upside.
The EURUSD pair is strongly bullish while trading above the 1.1800 level. Key resistance is now located at the 1.1829 and 1.1868 levels.
If the EURUSD pair moves below the 1.1750 level, sellers may push price towards the 1.1700 and 1.1651 support levels.