EURUSD ignoring weaker economic data
The euro currency remains well supported against the US dollar, with the pair once again looking past weaker than expected German economic data. Buyers now need a bullish daily price close above the EURUSD pairs one-hundred day moving average. A sustained break of the 1.1430 to 1.1480 trading range will likely provide the catalyst for the next directional move.
The EURUSD pair is intraday bullish while trading above the 1.1480 level, key technical resistance remains at the 1.1500 and 1.1550 levels.
If the EURUSD pair trades below the 1.1430 level, sellers will likely to test the 1.1410 and 1.1360 support levels.