EURUSD TRYING TO RECOVER ABOVE 1.1724 LEVEL
The euro currency is trying to recover above key resistance against the US dollar on Wednesday, after the pair briefly fell below the 1.1700 level yesterday. The EURUSD pair has since moved back above the critical 1.1724 resistance level and found resistance from the 1.1750 region. Buyers will continue to try to move price back towards the 1.1791 resistance level, while sellers will look to hold price below the 1.1724 level once again.
The EURUSD pair is intraday bullish while trading above the 1.1724 level, key resistance is now found at the 1.1762 and 1.1790 levels.
If the EURUSD pair falls below the 1.1724 level, key technical support is found at the 1.1700 and 1.1674 levels.