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EURUSD analysis - Euro moves higher against US dollar

OctaFx | Apr. 17, 2019
EURUSD analysis - Euro moves higher against US dollar

April 17, OctaFX – In this EURUSD analysis, the euro currency is starting to move higher against the US dollar after sellers failed to hold price below the 1.1290 technical support level.

EURUSD technical analysis

The intraday sentiment surrounding the EURUSD pair is only bearish while trading below the 1.1290 level. The key weekly technical resistance level for the EURUSD pair above the 1.1290 level is currently located at the 1.1360 level.  

  • The EURUSD pair is only bearish while trading below the 1.1290 level, key technical support is found at the 1.1250 and 1.1229 levels.

  • If the EURUSD pair trades above 1.1290 level, key intraday resistance is found at the 1.1325 and 1.1360 levels.

EURUSD analysis, Euro US dollar

Disclaimer

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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.