The euro currency is attempting to recover higher against the US dollar, although upside momentum in the pair remains extremely slow. Medium-term technical analysis shows that EURUSD bulls may be aiming for the 1.1920 to 1.1940 resistance area. Multiple daily price closes above the technically important 1.1890 level will confirm the start of a new bullish short-term trend.
The EURUSD pair is only bearish while trading below the 1.1790 level, key support is found at the 1.1760 and 1.1710 levels.
The EURUSD pair is only bullish while trading above the 1.1790 level, key resistance is found at the 1.1870 and 1.1920 levels.
