The euro currency is starting to hold up better than other major currencies against the US dollar as bears fail to gain much traction below the 1.1850 level. EURUSD buyers need to move the price above the 1.1890 level in the short-term to get a recovery started. Traders should note that the RSI indicator on the daily time frame is showing that the EURUSD is approaching oversold conditions.
The EURUSD pair is only bullish while trading above the 1.1890 level, key resistance is found at the 1.1970 and 1.2050 levels.
EURUSD pair is only bearish while trading below the 1.1890 level, key support is found at the 1.1800 and 1.1770 levels.
