EURUSD BUYERS NOW IN CONTROL ABOVE 1.1790
The euro has now turned higher against the U.S dollar, following a lack of overall selling interest below the key 1.1770 level during the European trading session. The EURUSD now trades above the 1.1800 handle, with the 1.1813 level the next strong technical resistance barrier ahead. Traders will now watch the pairs 100-day moving average, located at the 1.1799 level, ahead of the U.S open. The U.S economy will release Industrial production and Manufacturing figures for the month of November, with analysts expecting both data points to come in weaker than October.
The EURUSD pair has now turned bullish while price-action trades above the 1.1790 level. Upside resistance is found at the 1.1813 and 1.1840 technical levels.
If the EURUSD pair declines below the 1.1790 level again, sellers will likely target the 1.1770 and 1.1750 support regions.