EURUSD: Bullish, Risk Builds On The 1.1850 Levels!
The EURUSD continues its bullish momentum yesterday, bottomed at the 1.1668 levels and topped at the 1.1783 levels. This development leaves the pair targeting the 1.1850 levels, a halt is very likely and it may turn lower from here, to test 1.1783 before trying to break through the 1.1850 levels, however; Above 1.1850 will target the 1.1937 levels, further upside, resistance stands at the 1.2030 levels.
On the downside; A failure to take out 1.1783 on a daily closing basis, could mean a return to the 1.1668 levels, it supposed to turn higher from here, but if this fails to happen, expect further weakness to the 1.1608 levels, next support comes around 1.1525 levels.
Conclusion: The EURUSD sees upside threats above the 1.1668 levels with eyes on the 1.1850 levels, below 1.1668 faces downside threats to the 1.1608 levels.
Note: minor resistance comes at the 1.1810 levels, while minor support comes around 1.1715 levels.