The euro currency faces an important trading week ahead against the US dollar after the pair closed the week back above its 200-day moving average. EURUSD bears need to cement a series of daily price closes below the 1.1890 level to provoke sellers into the market. Sustained gains above the 1.1890 level could cause the EURUSD pair to rally further, with the 1.1960 level the next major upside target.
The EURUSD pair is only bullish while trading above the 1.1890 level, key resistance is found at the 1.1935 and 1.1960 levels.
EURUSD pair is only bearish while trading below the 1.1890 level, key support is found at the 1.1840 and 1.1800 levels.
