EURO DIP BUYER REGAIN CONTROL

The EURUSD pair has moved back above the key 1.1778 resistance level, after better than expected eurozone PMI manufacturing data helped lift the intraday trading sentiment surrounding the euro.

Currently, the EURUSD is testing above and below the 200-week moving average, found at 1.1783, with the 1.1794 level acting as the intraday top.

The EURUSD pair is now bullish on all-time frames, with the pair trading back above daily, weekly and monthly pivot points.

Key intraday support is found at the 1.1773 level, the 100-hour moving average, at 1.1758 level, and the current daily price low, at 1.1740.

Key technical resistance is found at the 1.1794 level, the 61.8 Fibonacci retracement level of the former weekly low, to the yearly price high, is found at 1.1815.

Above 1.1815, the 1.1828 level and the former swing high, at 1.1847, come back into focus.