The euro currency has staged a powerful rally against the US dollar as the greenback continues to come under heavy downside pressure. Buyers now need to anchor the EURUSD pair above the 1.1840 level to encourage a major push towards the 1.1940 resistance zone. Traders that are bearish towards the EURUSD pair now need to see a daily price close below the 1.1790 level.
The EURUSD pair is only bearish while trading below the 1.1790 level, key support is found at the 1.1750 and 1.1690 levels.
The EURUSD pair is only bullish while trading above the 1.1790 level, key resistance is found at the 1.1870 and 1.1940 levels.
