Euro recovers higher above 1.1250 against USD

April 12, OctaFX – The euro currency has recovered higher against the US dollar in early Friday trading as buyers move the price back towards breakout resistance.

USDJPY technical analysis

The EURUSD pair has a bullish intraday outlook while trading above the 1.1250 level, although the 1.1290 level remains critical weekly resistance. If buyers lift the EURUSD pair above the 1.1290 level further short-term buying towards the 1.1330 level appears possible.

  • The EURUSD pair is only bullish while trading above the 1.1250 level, key technical resistance is found at the 1.1290 and 1.1330 levels.

  • If the EURUSD pair trades below 1.1230 level, key intraday support is found at the 1.1216 and 1.1170 resistance levels.

Euro recovers higher against US dollar


This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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