EURUSD Remains Supported

EURUSDH1 (3)

The Euro made a couple of nice upside break attempts but struggled to break the 1.1825 resistance against the US Dollar. The EURUSD pair is currently moving down and likely heading towards the 1.1775 support and the 100 hourly simple moving average.

On the downside, there are two major bullish trend lines formed with support near 1.1770 on the hourly chart. As long as the pair is above these trend lines and the 1.1760 level, it remains supported for more gains.
On the upside, a proper close above 1.1820-25 is needed for sustained gains towards 1.1880 in the near term.
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