The euro has started to gain ground against the US dollar currency after German CPI data came in better than expected this morning. The greenback has also started to shed recent gains after US President Donald Trump threatened a government shutdown over the border wall. Buyers may now attempt to move price towards the 1.1724 resistance level, while sellers will target losses below the 1.1650 level.
The EURUSD pair is bullish while trading above the 1.1680 level, key resistance is found at the 1.1724 and 1.1750 levels.
If the EURUSD pair falls below the 1.1650 level sellers will likely target the 1.1630 and 1.1600 levels.
