The euro currency has failed for the third time to move above the 1.1800 level against the US dollar, placing the emphasis on the further downside. The 1.1680 level is seen as a possible bearish target for the EURUSD pair if the 1.1740 support level is broken this week. If the EURUSD pair closes the daily candle above the 1.1840 level, then a powerful rally towards the 1.2000 level could take place.
The EURUSD pair is only bearish while trading below the 1.1740 level, key support is found at the 1.1710 and 1.1685 levels.
The EURUSD pair is only bullish while trading above the 1.1750 level, key resistance is found at the 1.1840 and 1.1900 levels
