EURUSD INTRADAY BULLISH ABOVE 1.1600 LEVEL
The euro currency continues to rise against the US dollar after Federal Reserve Chair Jerome Powell struck a dovish tone towards US inflation expectations at Jackson Hole. The EURUSD pair is only intraday bullish while trading above the 1.1600 level and is further supported by a bullish technical breakout above a well-defined triangle pattern.
The EURUSD pair is intraday bullish while trading above the 1.1600 level, key resistance is found at the 1.1650 and 1.1681 levels.
If the EURUSD pair trades below the 1.1600 level, sellers will likely target the 1.1575 and 1.1554 support levels.