The Euro jumped towards 1.19 barrier on Tuesday after strong Monday’s fall was contained by thick daily cloud.
Fresh advance brings bulls back in play for renewed attempt at November’s high (1.1920).
Bullish momentum started to rise and underpins the advance, along with north-heading daily moving averages in full bullish configuration.
Upbeat German data (Q3 GDP, business climate) contribute to euro’s fresh strength.
Broken Fibo barrier at 1.1855 (61.8% of 1.2011/1.1602) offers initial support, ahead of rising 10DMA (1.1842) with repeated close above the latter to confirm bullish stance.
Res: 1.1893, 1.1905, 1.1920, 1.1965.
Sup: 1.1855, 1.1842, 1.1806, 1.1792.
