The EURUSD pair is starting to move higher on Thursday after sellers failed to break below the key 1.1300 support level yesterday.
The 1.1300 support level is important because it was a key technical breakout area for the EURUSD pair during the early part of 2017.
Further upside is expected while price trades above the 1.1300 support level, while a loss of this key support level should provoke selling towards the 1.1220 level.
The EURUSD pair is intraday bullish while trading above the 1.1300 level, key resistance is now found at the 1.1365 and 1.1400 levels.
If the EURUSD pair moves below the 1.1300 level key support is found at the 1.1220 and 1.1170 levels.
The 1.1300 support level is important because it was a key technical breakout area for the EURUSD pair during the early part of 2017.
Further upside is expected while price trades above the 1.1300 support level, while a loss of this key support level should provoke selling towards the 1.1220 level.
The EURUSD pair is intraday bullish while trading above the 1.1300 level, key resistance is now found at the 1.1365 and 1.1400 levels.
If the EURUSD pair moves below the 1.1300 level key support is found at the 1.1220 and 1.1170 levels.
