EURUSD ONLY INTRADAY BULLISH ABOVE 1.1615 LEVEL
The euro has moved above key resistance against the US dollar, after the greenback tumbled, following trade tariff concerns between the United States and China. The EURUSD pair has so far found technical resistance from the 1.1645 level, although bullish momentum continues to build while price trades above the 1.1615 level. Traders now look to key speeches from ECB President Mario Draghi and Federal Reserve Chair Jerome Powell.
The EURUSD pair is intraday bullish while trading above the 1.1615 level, further upside towards 1.1658 and 1.1715 remains possible.
If the EURUSD pair moves below the 1.1615 level, price may decline back towards the 1.1575 and 1.1545 levels.