The euro currency has fallen back towards the 1.1200 support level against the US dollar after the greenback gained strength on Thursday. Failure to hold a price under the 1.1200 level could result in the EURUSD pair testing back towards the 1.1250 resistance area. A sustained loss of the 1.1180 level should be considered bearish, with the 1.1150 level acting as the likely bearish target.
The EURUSD pair is only bullish while trading above the 1.1250 level, key resistance is found at the 1.1270 and 1.1300 levels.
The EURUSD pair is only bearish while trading below the 1.1250 level, key support is found at the 1.1180 and 1.1150 levels.
