The euro currency is testing back towards its weekly pivot point against the US dollar as the greenback starts to show signs of late-week strength. Technical analysis highlights that failure to hold price above the 1.1860 level could see the EURUSD pair sold down towards the 1.1760 level. Multi-day price closes below the 1.1840 level should provoke a negative short-term bias for technical traders
The EURUSD pair is only bearish while trading below the 1.1860 level, key support is found at the 1.1820 and 1.1760 levels.
The EURUSD pair is only bullish while trading above the 1.1860 level, key resistance is found at the 1.1900 and 1.1935 levels.
