FXstreet.com (San Francisco) - The Euro bullish sentiment against the US Dollar has found resistance at 1.2375 where the pair remains trading in consolidation mode after the latest movement. Previously, the EUR/USD jumped from 1.2270 on bond buying news.
Currently the pair is pricing at 1.2362, rising 0.66% so far today from opening price action. “In the 4 ours chart pair is finding resistance at 200 EMA around 1.2370/05, while the overall bias remains bullish, with scope now for a test of the 1.2410 price zone”, wrote FXstreet.com independent analyst Valeria Bednarik.
Currently the pair is pricing at 1.2362, rising 0.66% so far today from opening price action. “In the 4 ours chart pair is finding resistance at 200 EMA around 1.2370/05, while the overall bias remains bullish, with scope now for a test of the 1.2410 price zone”, wrote FXstreet.com independent analyst Valeria Bednarik.
