The euro is holding firm above the 1.1248 level against the US dollar in early Friday trade after finding interim resistance from the 1.1280 level. The 1.1310 level will be the major short-term bullish target if EURUSD buyers can break through the 1.1280 barrier today. A sustained move under the 1.1248 level may prompt yet another test of the technically important 1.1220 support level.
The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels.
If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1205 levels.
The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels.
If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1205 levels.
