The euro has moved sharply higher against the U.S dollar, hitting 1.1816 during the Asian trading session. The U.S dollar index started to move lower during the U.S session, as the Federal Reserve’s Beige Book highlighted a lack of inflation in the U.S economy. The EURUSD pair currently trades around the 1.1800 mark, as traders await the U.S dollars next move, and any news coming from Catalonia.
EURUSD intraday buyers will remain in control while price-action trades above the key 1.1780 level. Further bullish advancement for the euro can be expected towards the 1.1833 and 1.1858 technical resistance levels.
Should the EURUSD pair move below the 1.1780 level for a sustained period, further declines towards the 1.1750 and 1.1736 level remain likely.
