EURUSD FURTHER BULLISH ABOVE 1.1674 LEVEL

EURUSD FURTHER BULLISH ABOVE 1.1674 LEVEL


The euro             has moved to its highest trading level against the US dollar             since the last ECB meeting, with the EURUSD             pair hitting a fresh weekly trading above the key 1.1700 level.

Yesterday EURUSD             buyers gained control of the pair, as they moved price well above the former weekly trading-high, of 1.1674

Technical indicators continue to call for further upside in the EURUSD             pair, with multiple daily price-closes above the 1.1713 level needed for further bullish advancement towards 1.1800.

The EURUSD             pair is intraday bullish while trading above the 1.1674 level, key technical resistance is located at the 1.1713 and 1.1744 levels.

If the EURUSD             pair moves below the 1.1674 level the intraday trend will turn bearish , and price may fall towards the 1.1648 and 1.1628 levels.