EURUSD bullish above 1.1200 post-UK data

10 May 2019, OctaFX – The euro is trading well above the 1.1200 support level against the US dollar after briefly spiking towards the 1.1250 level during Thursday’s US trading session.

EURUSD technical analysis

EURUSD buyers need to move the price back above the 1.1250 level or they risk losing bullish trading momentum. Sellers will take back short-term control of the EURUSD pair if price starts to once again trade under the 1.1190 level.

  • The EURUSD pair is only bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1250 and 1.1264 levels.

  • If the EURUSD pair moves below the 1.1216 level, key technical support remains at the 1.1190 and 1.1164 levels.

EURUSD bullish, post-UK data
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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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