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EURUSD intraday bullish above 1.1190

OctaFx | May. 8, 2019
EURUSD intraday bullish above 1.1190

8 May 2019, OctaFX – The euro currency continues to hold above the 1.1190 level against the US dollar following better than expected Industrial Production data from the German economy.

EURUSD technical analysis

The EURUSD pair is growing increasingly bullish and may soon target the 1.1250 resistance level. EURUSD buyers now need to move price above the key 1.1216 resistance level to encourage fresh technical buying.

  • The EURUSD pair is intraday bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1216 and 1.1250 levels.

  • If the EURUSD pair moves below the 1.1190 level, key technical support is found at the 1.1164 and 1.1135 levels.

EURUSD intraday bullish

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.

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