December 28, OctaFX – The euro is moving higher against the US dollar on Friday, following a clear technical break above the 1.1430 resistance level.
EURUSD Technical Outlook
EURUSD traders now need to hold price above the pairs one-hundred day moving average, for further bullish advancement towards the 1.1500 level. A loss of the 1.1430 level will likely provoke a technical test of the 1.1410 support level.
- The EURUSD pair is bullish while trading above the 1.1430 level, key technical resistance is found at 1.1470 and 1.1500 levels.
- If the EURUSD pair trades below the 1.1430 level, sellers may test towards the 1.1410 and 1.1380 levels.
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.