The euro currency has moved back above the 1.1700 level against the US dollar, after unconfirmed sources stated that the ECB will be discussing an exit to its QE programme at its next Policy Meeting. The EURUSD pair currently trades around the 1.1715 level, after finding strong weekly support from the 1.1652 level on Tuesday. EURUSD buyers will look for further gains above the key 1.1750 level, while sellers will look for further losses below the 1.1680 level.
The EURUSD pair is intraday bullish while trading above the 1.1680 level. Key resistance is located at the 1.1750 and 1.1800 levels.
If the EURUSD pair moves below the 1.1680 level, sellers may push price towards the 1.1652 and 1.1600 support levels.
