EURUSD dip buyers retain control
The euro currency is starting to recover short-term bullish momentum against the US dollar, following a brief test of buying demand below the key 1.1490 level. The intraday sentiment surrounding the EURUSD pair remains bullish while price trades above the 1.1490. It is also worth noting that the EURUSD has performed two consecutive daily price closes above its one-hundred day moving average.
The EURUSD pair is intraday bullish while trading above the 1.1490 level, key technical resistance remains at the 1.1550 and 1.1600 levels.
If the EURUSD pair moves below the 1.1490 level, sellers may test towards the 1.1460 and 1.1430 support levels.