The euro currency has staged a minor bounce against the US dollar, following a sharp sell-off towards the 1.2130 technical area. Swing traders may now look to rally the EURUSD pair towards the 1.2250 resistance level, after the key former lower, at 1.2130, held firm. Overall, watch out for a major directional move in the EURUSD pair if bulls are able to rally the price towards 1.2250.
The EURUSD pair is only bullish while trading above the 1.2200 level, key resistance is found at the 1.2250 and 1.2270 levels.
The EURUSD pair is only bearish while trading below the 1.2200 level, key support is found at the 1.2130 and 1.2090 levels.
