The euro currency is starting to against the US dollar, following yesterday’s strong reversal from the 1.1840 resistance area. A break under the 1.1755 support level exposes further downside towards the 1.1700, and possibly the 1.1780 level. To the upside, brief stabilization above the 1.1840 level is currently required to encourage EURUSD bulls to test towards the 1.1880 level.
The EURUSD pair is only bearish while trading below the 1.1800 level, key support is found at the 1.1755 and 1.1700 levels.
The EURUSD pair is only bullish while trading above the 1.1800 level, key resistance is found at the 1.1840 and 1.1880 levels.
