The euro currency is appearing increasingly bullish against the US dollar, following the pairs highest weekly price close in over two years. Traders are expected to buy any dips below the 1.1800 level this week in expectation of a coming rally towards the 1.2000 level. Traders should be aware that the 1.1915 level is the key area that EURUSD bulls need to break to increase technical buying.
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 1.1860 and 1.1910 levels
