The EUR/USD gains bullish strength

The EUR/USD has broken during today´s session above the 1.1800 level, but it still has to go and visit the 1.1900 level. Above the 1.1900 level, its next important resistance is at the 1.2000 zone. The MACD indicator over the daily chart is showing us a possible bullish trend change. If the MACD line (green line) crosses above its signal line (red line), then we could see a visit of the 1.1900 level or even a breakout. To the downside the most important support levels are at the 1.1700 level followed by the 1.1600 level. The 1.1600 zone has acted as a good support in the past, but now the 200 day EMA (blue line) is getting closer and closer to that level (the 1.1600) contributing to making the zone a significant support.