Forex: EUR/USD finds resistance at 1.2375

FXstreet.com (San Francisco) - The Euro bullish sentiment against the US Dollar has found resistance at 1.2375 where the pair remains trading in consolidation mode after the latest movement. Previously, the EURUSD jumped from 1.2270 on bond buying news.

Currently the pair is pricing at 1.2362, rising 0.66% so far today from opening price action. "In the 4 ours chart pair is finding resistance at 200 EMA around 1.2370/05, while the overall bias remains bullish, with scope now for a test of the 1.2410 price zone", wrote FXstreet.com independent analyst Valeria Bednarik.