EUR/USD was trading marginally higher and jumped till 1.23227 0.05% higher. Market awaits ahead of his appearance Fed Jerome Powell testimony in congress for further direction. His testimony will be released at 13.30 GMT…
EUR/USD was trading marginally higher and jumped till 1.23227 0.05% higher. Market awaits ahead of his appearance Fed Jerome Powell testimony in congress for further direction. His testimony will be released at 13.30 GMT, ahead of his appearance at 15:00GMT. It is currently trading around 1.23168.
Market awaits US durable goods order and Consumer board consumer confidence data which is to be released today will have mild impact on the pair.
The pair is facing near term resistance of 1.2363 (20- day MA and break above will take the pair till 1.2442 (61.8% Fibo)/1.2500. Bullish continuation can be seen above 1.2550.
On the lower side, near term support is around 1.2280 and any violation below will drag the pair to next level till 1.2200/1.2165. Minor weakness can be seen only below 1.2200.
It is good to buy on dips 1.2300 with SL around 1.2360 for the TP of 1.2200/1.2165.
