The euro currency has staged a notable pullback against the US dollar, following bearish news surrounding the next COVID-19 stimulus package. EURUSD bulls need to anchor price above the 1.1730 level to avoid a much steeper decline towards the 1.1660 support area. To the upside, gains above the 1.1730 level could see the EURUSD pair challenging towards the 1.1840 level.
The EURUSD pair is only bearish while trading below the 1.1730 level, key support is found at the 1.1710 and 1.1660 levels.
The EURUSD pair is only bullish while trading above the 1.1730 level, key resistance is found at the 1.1800 and 1.1840 levels.
