FxWirePro: EUR/USD reverses recent rally, but maintains bullish outlook
EUR rose against US dollar on Thursday after the European Central Bank left interest rates unchanged and stopped short of a formal commitment to further expand its asset-purchase program. However, the pair reversed cours…
EUR rose against US dollar on Thursday after the European Central Bank left interest rates unchanged and stopped short of a formal commitment to further expand its asset-purchase program.
However, the pair reversed course after finding support at 1.1326 to trade at 1.1250.
The currency pair, remains under bulls control unless until it trades above 1.1165 support level, therefore it is good to buy this pair on dips.
To the upside, immediate resistance can be seen at 1.1289, a break above will take the pair towards next resistance level at 1.1326.
To the downside, immediate support can be seen at 1.1241levels, a break below will open gates towards 1.1203 levels.
