EURUSD analysis – Euro bullish bias above 1.1250

April 10, OctaFX – The euro is testing back towards major weekly technical support against the US dollar after the pair found strong resistance from the 1.1283 level.

EURUSD technical analysis

The EURUSD pair retains a bullish intraday bias above the 1.1250 level, although buyers must soon move price above the 1.1290 resistance level. The 1.1350 level currently offers the strongest form of weekly technical resistance.

  • The EURUSD pair is only bullish while trading above the 1.1250 level, key technical resistance is found at the 1.1290 and 1.1350 levels.

  • If the EURUSD pair trades below 1.1250 level, key support is found at the 1.1216 and 1.1170 resistance levels.

EURUSD analysis - Euro bullish


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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