EURUSD (1H) - short term bullish bias
The pair rose back to the daily resistance level of 1.1175, will the euro make a breakthrough as the greenback softened across the board? Yesterday's doji on the daily chart was kind of a cliffhanger, though with a bullish MA cross, the trend is likely to stay up. On the hourly chart, the price was going sideways in search of buying interests around the demand zone of 1.1125. As soon as the offers near 1.1175 get lifted we may expect an extended rally towards 1.20s.
Key support: 1.1125
Key resistance: 1.1175
The pair rose back to the daily resistance level of 1.1175, will the euro make a breakthrough as the greenback softened across the board? Yesterday's doji on the daily chart was kind of a cliffhanger, though with a bullish MA cross, the trend is likely to stay up. On the hourly chart, the price was going sideways in search of buying interests around the demand zone of 1.1125. As soon as the offers near 1.1175 get lifted we may expect an extended rally towards 1.20s.
Key support: 1.1125
Key resistance: 1.1175