(EURUSD ) The euro hitting resistance
 

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(EURUSD ) The euro pulled higher after bouncing past the 1.1700 level. The pair is testing the mid-1.1750 area once again as price action attempts to get back on track. From the start of the year, a combination of profit-taking and fresh selling has limited the bullish fever. However, a breakout could force the remaining sellers to abandon ship, opening the door to an extension past 1.1760. With the RSI sliding back into the neutral area, bargain hunting could be expected, and 1.1670 is an important level to hold; otherwise, a reversal towards 1.1590 could be on the horizon.
 

NZDUSD reversing
 

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The New Zealand dollar is attempting to hold onto its recent gains on improved risk sentiment. A convincing break above 0.5900, previously maintained, has sustained the pair’s bullish trajectory. 0.5930 is the next threshold before the price could advance further. However, firm resistance at the previous top allows bulls to catch their breath after the RSI moved away from the overbought area. A hold at 0.5870 is crucial to maintaining the bullish trajectory; otherwise, a fall to 0.5830 is likely.
 

GER 40 seeks support
 

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The Dax attempts to claw back recent losses as prices attempt to move away from the 25000 level. A move above 25500 is the next target, however, a failure at this level would be a sign of exhaustion as the index pushes for a fresh peak. With the RSI undecided, short-term bulls could be reluctant to chase the bids. A slip back below 24800 will prompt some leveraged positions to close, and a dip below 24500 would confirm the weakening impetus, sending the index to lower.

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