EURUSD surged to a fresh weekly high of 1.1860. If the price won't break above 1.1890 we may see a pullback to 1.1820 then 1.1760. On the other side break above 1.1890, the next level to watch 1.1915/1940.
EURUSD climbed to 1.19 on Tuesday supported by better-than-expected German economic data. The ZEW economic sentiment rose to 77.4 in Sept vs. 69.8 expected.
Technical levels to watch today:
1.1860 & 1.1830
1.1917 & 1.1940
EUR/USD started the week on positive note supported by a weaker US dollar. At the time of writing the pair trading above 1.1710.
The currency pair approaches overbought zone ahead of German IFO business climate- 08.00 GMT.
Levels to watch today:
Resistance: 1.1730 and 1.1750
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