The euro has found strong dip-buying demand from the 1.1713 technical level against the U.S dollar, despite on-going political uncertain inside Germany. The EURUSD pair currently trades above the 1.1740 level, during a quiet Asian trading session. The macro-economic calendar is extremely busy going into today’s pre-Thanksgiving U.S trading session. Traders will look to the release of the CORE Durable Goods Orders and monetary policy guidance from the FED, when they release the FOMC Meeting Minutes.
The EURUSD pair is now intraday bullish while trading above the key 1.1713 level. Further upside towards the 1.1807 and 1.1860 remains possible if euros buyers push price above the 1.1755 level.
Any loss of the 1.1713 zone will likely lead to a further weakening of the EURUSD pair back towards the 1.1683 and 1.1640 technical zones.
