EURUSD is trading higher around 1.1280 as the USD is continuing to hold weaker.

The 100-day Moving Average at 1.1276 will be a key level again for buyers and sellers. If buyers can hold a nearby above that, it would break the bearish bias in the pair and open up the way for further gains.

The USD keeps on being weaker in early European trading in the midst of a fall in global bond yields.

All in all, for EURUSD today, look out on the 100-day MA as the key level before offers are next seen closer to 1.1300. On the other hand, there is some support seen around 1220-30 before light bids are seen near 1.1205-15.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.