FxWirePro: EUR/USD remains bullish as rally continues
EUR/USD inched higher on Monday as dollar attracted seller after poor payrolls report caused investors to rule out the chance of a US interest rate increase next week. Traders await clues on the rate hike timings from Fe…
EUR/USD inched higher on Monday as dollar attracted seller after poor payrolls report caused investors to rule out the chance of a US interest rate increase next week.
Traders await clues on the rate hike timings from Federal Reserve Chair Janet Yellen later in the day.
The currency pair is trading at 1.1361 levels, it is set to advance further 1.1450 levels and later towards 1.1500 levels in the short term.
To the upside, the strong resistance can be seen at 1.1395, a break above will take the pair towards next resistance level at 1.1450.
To the downside immediate support can be seen at 1.1344 levels, a break below will open gates towards 1.1278 levels.
