EURUSD Awaiting reaction
The euro currency has failed to show a strong reaction against the US dollar, following last Friday’s very strong Non-farm payrolls job report. Bullish MACD price divergence continues to warn that the EURUSD pair could be heading towards the 1.1835 area in the short term. Any dips towards key trendline support, around the 1.1730 level, could be a buying opportunity for near-term EURUSD bulls.
The EURUSD pair is only bullish while trading above the 1.1750 level, key resistance is found at the 1.1800 and 1.1835 levels.
EURUSD pair is only bearish while trading below the 1.1750 level, key support is found at the 1.1730 and 1.1710 levels.