EURUSD Weekly Bullish Above 1.2344 Level

EURUSD Weekly Bullish Above 1.2344 Level

The euro continues to press higher against the U.S dollar in early week trading after sellers failed to move price-action below the key 1.2300 support level. The EURUSD has so far found intraday resistance from the 1.2368 level, with buyers needing a higher-time frame close above the 1.2382 level needed to cement the pairs medium-term bullish bias. Traders now look towards the release of U.S Retail Sales data, and a host of Federal Reserve members delivering scheduled speeches.

The EURUSD pair is weekly bullish while trading above the 1.2344 level, resistance is currently set at the 1.2382 and 1.2396 levels.

Should the EURUSD pair move below 1.2344 level, key intraday technical support is found at the 1.2333 and 1.2300 levels.

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