The euro currency is awaiting its next short-term directional move against the US dollar after the pair suffered a heavy rejection from the 1.2000 resistance level yesterday. The EURUSD pair could fall towards the 1.1840 support area if bulls fail to anchor price above the technically important 1.1965 level. If bulls hold price above the 1.2000 resistance level then the next major push higher towards the 1.2100 area may commence.
The EURUSD pair is only bearish while trading below the 1.1965 level, key support is found at the 1.1910 and 1.1885 levels.
The EURUSD pair is only bullish while trading above the 1.1965 level, key resistance is found at the 1.2000 and 1.2060 levels.
