The euro currency is attempting to gain upside traction against the US dollar, following a technical bounce from technically important 1.2060 level. Lower and higher time frame analysis shows that the 1.2125 area is a key bullish target and potential swing sell area for EURUSD bears. Gains above the 1.2100 resistance level should prompt a test towards this pivotal price area.
The EURUSD pair is only bearish while trading below the 1.2100 level, key support is found at the 1.2060 and 1.2000 levels.
The EURUSD pair is only bullish while trading above the 1.2100 level, key resistance is found at the 1.2125 and 1.2150 levels.
