EUR/USD - Failed to Challenge the 1.1500 Strong Key Level - 07/13/2017 (GMT)

The EUR/USD pair traded unusual on the back of weaker U.S. dollar. The common currency pair created a bearish day and failed for the second day in a row to challenge the 1.1500 strong psychological level. However, the price managed to challenge a new 14-month high at 1.1489 early yesterday’s morning. The price is approaching again the suggested psychological resistance level at 1.1500 (see our previous analysis here: http://bit.ly/2ucCuq6), or moreover, the 1.1615 handle.

The technical indicators on the short-term timeframe are endorsing the recent bullish to neutral attitude on price as both are holding in positive territory. The Relative Strength Index (RSI) is flattening whilst the MACD oscillator remains neutral above the zero line.