The euro currency is holding above the 1.2100 level against the US dollar as the pair struggles to form a sustainable short-term price trend. The Ichimoku indicator on the weekly time frame highlights that the overall importance of the 1.2030 to 1.2160 price range. If the EURUSD pair can break that price range this week then the directional move of around one-hundred points may take place.
The EURUSD pair is only bullish while trading above the 1.2130 level, key resistance is found at the 1.2160 and 1.2220 levels.
EURUSD pair is only bearish while trading below the 1.2130 level, key support is found at the 1.2060 and 1.2030 levels.
