The euro currency has once again recovered upside momentum against the greenback, after the US dollar index failed to hold onto gains above the 95.00 level during the US trading session on Friday. The EURUSD pair is now trading above its 200-period moving average on the four-hour timeframe, whilst the MACD indicator on the four-hour timeframe is currently pointing to further upside.
The EURUSD pair is bullish while trading above the 1.1681 level, key resistance is now found at the 1.1700 and 1.1750 levels.
If the EURUSD pair moves below the 1.1681 level, key technical support is found at the 1.1650 and 1.1630 levels.
