The euro currency looks set to test towards the 1.1900 level against the US dollar, following a positive former weekly price close above the 1.1840 level. Technical analysis shows that if the EURUSD can move price above the 1.1900 level then bulls could test towards the 1.2200 area. To the downside, sustained weakness below the 1.1840 support level could cause the EURUSD pair to test towards the 1.1790 area.
The EURUSD pair is only bearish while trading below the 1.1790 level, key support is found at the 1.1760 and 1.1730 levels.
The EURUSD pair is only bullish while trading above the 1.1790 level, key resistance is found at the 1.1900 and 1.1940 levels.
