FxWirePro: EURUSD gains some upside momentum but bias still bearish
EUR/USD pair has inched higher to trade around 1.1396 levels shrugging off positive US ISM non-manufacturing PMI data which came slightly better than forecast at 54.5%. The pair jumped to an intraday high of 1.1398 in th…
EUR/USD pair has inched higher to trade around 1.1396 levels shrugging off positive US ISM non-manufacturing PMI data which came slightly better than forecast at 54.5%.
The pair jumped to an intraday high of 1.1398 in the mid-morning US session, but selling interest continued to cap further rally on approach towards 1.1400 levels.
To the upside, the strong resistance can be seen at 1.1400, a break above will take the pair towards next resistance level at 1.1436.
To the downside immediate support can be seen at 1.1331 levels, a break below will open gates towards 1.1300 levels.
