The euro currency has started to move higher against the US dollar after Angela Merkel struck a migration deal with her coalition partners, which helped to avoid a political crisis in Germany. The EURUSD pair currently trades around the 1.1630 region, and retains an intraday bullish bias while trading above the 1.1600 support level. EURUSD traders now look towards key Retail Sales and Inflation data from the eurozone economy this morning.
The EURUSD pair is intraday bullish while trading above the 1.1600 level, key resistance is found at the 1.1674 and 1.1724 levels.
If EURUSD pair falls below the 1.1600 level, key technical support is found at the 1.1580 and 1.1544 levels.
