EURUSD SELLERS FAIL TO BREAK THE 1.1300 LEVEL
The EURUSD pair is starting to move higher on Thursday after sellers failed to break below the key 1.1300 support level yesterday. The 1.1300 support level is important because it was a key technical breakout area for the EURUSD pair during the early part of 2017. Further upside is expected while price trades above the 1.1364 support level, while a loss of this key support level should provoke selling towards the 1.1300 level once again.
The EURUSD pair is intraday bullish while trading above the 1.1364 level, key resistance is now found at the 1.1430 and 1.1480 levels.
If the EURUSD pair moves below the 1.1364 level key support is found at the 1.1340 and 1.1300 levels.