The euro continues to advance against the U.S dollar in Thursday trading, with price-action moving towards the top-end of the euros recent 1.1724-1.1879 trading range. The EURUSD currently trades around the 1.1825 level, as financial markets await the European Central Bank’s monetary policy decision later today, in Frankfurt, Germany.
The EURUSD pair remains bullish on an intraday basis while trading above the 1.1800 level. Further upside can be expected while above 1.1800, with buyers likely to target the 1.1879 and 1.1910 levels. Extended intraday resistance for the euro is located at 1.1980 and 1.2040.
If EURUSD sellers push price-action below the 1.1800 level, further declines towards 1.1770 and 1.1724 can be expected. Extended intraday support for the euro is found at the 1.1664 and 1.1580 levels.