EURUSD STILL BULLISH ABOVE 1.1616 LEVEL
The euro has remained well-bid against the US dollar during the European trading session, with the pair finding strong support from the 1.1628 level. The EURUSD pair has so far extended it’s intraday advance towards the 1.1672 level, falling just short of the former weekly-high. Traders now look toward key New Home Sales data from the US economy and the 1.1674 resistance level on the EURUSD.
The EURUSD pair remains bullish while trading above the 1.1616 level, key technical resistance is now located at the 1.1672 and 1.1700 levels.
If the EURUSD pair trades below the 1.1616 level, key intraday support is found at the 1.1599 and 1.1575 levels.