The euro currency has given back a significant portion of Monday’s gains against the US dollar, following a strong technical rejection from the 1.1288. resistance level. A loss of the 1.1230 support level could easily see the EURUSD pair falling towards the 1.1190 support level. If the 1.1190 support level is broken then the EURUSD pair could fall towards the 1.1150 area.
The EURUSD pair is only bullish while trading above the 1.1230 level, key resistance is found at the 1.1270 and 1.1290 levels.
The EURUSD pair is only bearish while trading below the 1.1230 level, key support is found at the 1.1190 and 1.1150 levels.
