The euro has recovered above the 1.1600 level against the greenback, after the US dollar index failed to hold onto its strong gains above the 95.00 level on Thursday. The EURUSD pair currently trades around the 1.1615 level, and remains intraday bullish above the key 1.1600 level. Traders now look to the release of key Manufacturing and Services PMI data from the eurozone economy.
The EURUSD pair is bullish while trading above the 1.1600 level, key technical resistance is located at the 1.1644 and 1.1688 levels.
If the EURUSD pair moves below the 1.1600 level, key support is found at the 1.1575 and 1.1554 levels.
