EURO INTRADAY BULLISH ABOVE 1.1800 LEVEL
The euro has regained the 1.1800 handle against the U.S dollar, hitting 1.1822 during the Asian trading session, as U.S political uncertainties resurface. New reports of possible collusion between the Trump administration, and Russian officials during the U.S election campaign are hurting U.S dollar sentiment on Friday. The EURUSD pair currently trades above the 1.1800 level, ahead of a key-note speech by ECB President Mario Draghi at the European Banking Congress, in Frankfurt, Germany.
The EURUSD pair remains intraday bullish while trading above the 1.1800 level. Further upside towards the 1.1860 and 1.1910 levels seems likely.
- Should price-action decline below the 1.1800 level, sellers will likely test towards the 1.1767 and 1.1710 technical levels.