EUR / USD: The Euro Dollar remains strong on the Forex after the acceleration of the previous day :

EUR / USD still stands above 1.10 after yesterday's bullish acceleration.

Indeed, after hesitating above the support of 1.1825, EUR / USD managed to come back above 1.1880 yesterday.

The breakout was made on a sudden and strong bullish movement, which pushed EUR / USD towards the 1.1920 area.

After finding resistance in this area, the pair rises and finds its upward pressures.

A continuation of the movement in the direction of 1.1960 seems still possible in intraday, but it will then break above to fetch a new important zone of resistance towards 1.1980 / 1.2000.

Conversely, if the pair finds it difficult to progress further, it will be necessary to monitor the support area of ​​1.1880 / 1.1860, while a break below will weaken the pair, with the risk of falling towards the previous 1.1825 / support. 1.1800.

Also note the short-term bullish channel, whose lower limit can also offer support in the area of ​​1.1840 currently.

On the economic calendar we will follow this afternoon the PMI Markit US manufacturer, before the largest ISM manufacturer.

The manufacturing PMI in the euro zone showed a slight increase to 60.1 against 60.0 expected and previously, did not have much impact on the Forex.

The EUR / USD is currently trading at 1.1920 on Forex.
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