The euro is struggling to move above the 1.1190 level against the US dollar as the implications of the European election results weigh on the single currency. If the EURUSD pair continues to struggle with the 1.1190 level a technical test of the 1.1165 support level seems likely. A sustained bullish breakout above the 1.1190 level may prompt a technical test of the 1.1214 resistance level.

The EURUSD pair is only bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1214 and 1.1235 levels.

If the EURUSD pair fails around the 1.1190 level, key technical support is found at the 1.1165 and 1.1135 levels.

- advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.