FxWirePro: EUR/USD remains bullish as rally continues
The EUR/USD pair jumped higher on Friday as dollar slumped as the political turmoil in the United States kept investors cautious. Investors fear that the political uproar in Washington could hinder Trump from pursuing hi…
The EUR/USD pair jumped higher on Friday as dollar slumped as the political turmoil in the United States kept investors cautious.
Investors fear that the political uproar in Washington could hinder Trump from pursuing his promise of fiscal stimulus.
No economic releases are due on Friday to help sway market reaction, but St. Louis Federal Reserve President James Bullard and San Francisco Fed President John Williams are both due to speak.
Further downside for this pair is expected to be limited as strong support at 1.1115 is set to limit downside and bring rebound back to higher levels.
To the upside, the strong resistance can be seen at 1.1211 a break above will take the pair towards next resistance level at 1.1235.
To the downside, immediate support can be seen at 1.1165 levels, a break below will open the door towards next level at 1.1115.
