The euro has moved above the key 1.1724 level against the US dollar during the European trading session, with bulls extending today’s move higher towards the 1.1740 resistance zone. The US dollar index continues to slide ahead of Federal Reserve Chair Jerome Powell’s semi-annual testimony before US Congress later today. EURUSD buyers will now look to break 1.1757 level, while sellers will target a loss of the 1.1700 level.
The EURUSD pair is strongly bullish while trading above the 1.1724 level, key resistance remains at the 1.1757 and 1.1820 levels.
If the EURUSD pair once again falls below the 1.1700 level, key support is found at the 1.1674 and 1.1650 levels.
