The euro currency is testing back towards key weekly support against the US dollar, following a rejection from the 1.2215 level. The EURUSD pair will form a bullish triple-bottom across the one-hour time frame if the 1.2160 level remains defended intraday. This could be a dip-buying opportunity around current levels, with the pair recovering back towards the pivotal 1.2215 level once again intraday.
EURUSD pair is only bearish while trading below the 1.2160 level, key support is found at the 1.2130 and 1.2100 levels.
The EURUSD pair is only bullish while trading above the 1.2160 level, key resistance is found at the 1.2215 and 1.2255 levels.
