Apparently, this week the market will not decide on the direction. Nevertheless, today there is a continuation of growth and a desire for 1.1860. Despite the fact that the resistance is strong, I believe in the price of 1.2080 for 30 days.
On the last Friday’s session, the EURUSD rallied with a wide range and closed near the high of day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance 1.2041, a key level at 1.1965 (resistance) other Key level at 1.1880 (support), a daily support at 1.1829, the 10-day moving average at 1.1796 (support).
EUR/USD maked today a fresh two-months high at 1.1960, but retreated to currently trade at 1.1900. Despite the pullback retains its bullish stance in the short term. Bearish danger could be seen only if the pair meets the immediate support at 1.1890.
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