EURUSD AIMING FOR 100 DAY MOVING AVERAGE
The euro currency continues to press higher against the US dollar in early Friday trading, with price now holding above the 1.1600 level. The MACD indicator is trending higher on the daily time frame while the EURUSD pair is still exhibiting bullish price-action. Buyers are currently aiming for the pairs 100-day moving average, while sellers need to close the week below the 1.1553 level.
The EURUSD pair is strongly bullish while trading above the 1.1600 level, key resistance is found at the 1.1627 and 1.1650 levels.
If the EURUSD pair declines below the 1.1600 level, key intraday technical support is found at the 1.1575 and 1.1553 levels.