The euro currency has started the new trading week under pressure against the US dollar, as the greenback attempts to break higher. Failure to hold price under the 1.1200 level could see the EURUSD pair rallying back towards critical weekly resistance, around the 1.1250 resistance area. A sustained loss of the 1.1190 level should be considered extremely bearish for the EURUSD pair this week.
The EURUSD pair is only bullish while trading above the 1.1230 level, key resistance is found at the 1.1250 and 1.1270 levels.
The EURUSD pair is only bearish while trading below the 1.1230 level, key support is found at the 1.1190 and 1.1150 levels.
