The euro continues to advance against the U.S dollar, hitting 1.1675, as investors move away from commodity related currencies, and into euros. The EURUSD pair currently trades close to the November 3rd Non-farm payrolls high, as buyers continue to support any dip lower in the single-currency. During the European trading session, ECB President and FED Chair Jent Yellen will be speaking, we also see the releases of key inflation data from Germany and the United States economies, which promises to set the tone for the trading day.
The EURUSD pair remains further intraday bullish while trading above the 1.1655 technical level. Further upside towards the 1.1684 and 1.1710 level seems increasingly likely.
Should the EURUSD pair decline below the 1.1655 level, sellers will likely push-price-action towards the 1.1632 and 1.1610 support levels.
