EURUSD PRICE ACTION TURNING INCREASINGLY BULLISH
The euro currency has moved above the 1.1500 level against the US dollar after US President Donald Trump once again criticized the US Federal Reserve on Tuesday. Price-action on the EURUSD pair has become increasingly bullish, a potential inverted head and shoulders pattern may also be forming. Buyers now need to close the day above the 1.1553 resistance level, while sellers need to close the day below the 1.1463 level.
The EURUSD pair is intraday bullish while trading above the 1.1490 level, key technical resistance is now found at the 1.1553 and 1.1600 levels.
If the EURUSD pair declines below the 1.1490 level, sellers may target the 1.1463 and 1.1429 levels.