So far $EurUsd is enjoying above the 1.2400 levels where we have see the possible demand zone headed , according to those levels we are taking some opportunity. As we can see in the chart the $EurUSd is trading at the levels of 1.2400 and holding that is enough to support it with trend line which we could see as long as it will hold above those levels we are looking to get bullish scenario
We have seen the events such as
- Peter Praet Speech from European Union where in concluding part he still looking sustainable growth in euro zone
- Secondly, we have seen the data impact came positive
- Third all together form German bonds which turned positive so far since last 3 years.
So, This all sentiments collectively pointing the good week start and rally continuation in the euro. as we are talking about intraday.
the rally is likely to sustain above 1.2400/1.2350 .If the levels crossed the downside levels and support headed towards 1.2150 levels details indicated in charts.