The euro currency is catching a bid against the US dollar as buyers start to move the pair away from the key 1.1205 support level. The 1.1220 level is the daily pivot point for the EURUSD pair and the key level to watch if any bullish rebounds occur. Jerome Powell’s speech later today should have a large impact on the EURUSD and should provide the next technical breakout.
The EURUSD pair is only bullish while trading above the 1.1220 level, key technical resistance is found at the 1.1248 and 1.1265 levels.
If the EURUSD pair trades below the 1.1220 level, key support is found at the 1.1205 and 1.1170 levels.
