EURO BOUNCES FROM 1.1400

The EURUSD has regained bullish momentum and is trading back towards the 1.1440 region. The pair briefly fell below the 1.1400 level on Wednesday, following European Central Bank policy makers dovish comments about inflation and policy normalization.

In the upcoming trading day, the single currency will look to inflation data across the eurozone, and the conclusion of Janet Yellen's testimony on Capitol Hill.

The EURUSD pair remains bullish on short, medium and long-term time frames, and continues to trade in-line with the buy the dip theme, which has been prevalent since May.

Key intraday support is found at the daily pivot, at 1.1431, the Wednesday daily price close at 1.1418, and the weekly pivot point at 1.1385.

To the upside, intraday resistance is found at the recent swing price high, at 1.1468.  Above 1.1468, the yearly EURUSD price high comes into focus at 1.1489, and then the May 4th, 2016 price high offers further resistance, at 1.1529.