Euro Maintains Its Bullish Path Against The Dollar

Positive trading continues to dominate the euro’s movements against the US dollar within a gradual rise to the upside, with the continuation of work within the bullish price channel shown on the chart.

In terms of technical analysis today, we find the Euro succeeded in maintaining trading above 1.1950, and the simple moving averages continue to provide a positive motive.

We will maintain our positive outlook, provided that the breach of the psychological barrier of 1.2000 is confirmed, in order to facilitate the task required to visit 1.2060 Fibonacci retracements of 38.20%. We will continue to suggest the bullish bias as long as trading is stable above 1.1885, a retracement of 61.80%.

S1: 1.1950	R1: 1.2000
S2: 1.1900	R2: 1.2045
S3: 1.1860	R3: 1.2080