EURO TESTS UPSIDE OF NARROW RANGES
The EURUSD pair is attempting to recover bullish trading momentum, after briefly dipping below its weekly pivot point, and finding strong intraday buying interest from the 1.1915 level.
Price-action is currently trading around the 1.1960 region, after finding interim resistance from the 1.1969 level. The EURUSD pair remains intraday bullish while holding above the key 1.1957 technical level.
Traders should now look for technical price-closes above the 1.1979 level, for further confirmation of a continuation in EURUSD upside.
Key technical resistance above the 1.1979 level is located at 1.1999, 1.2030-40 and the former yearly price-high, at 1.2069.
Should price move back below the 1.1957 level, key intraday EURUSD support is found at the daily pivot point, at 1.1946, with the weekly pivot point, at 1.1938.
Below the 1.1938 level, further technical support is found at 1.1915, 1.1889 and 1.1870.