The euro appears increasingly bullish against the US dollar as traders quickly buy any meaningful dips towards the 1.1700 support area. Technical analysis shows that a higher time frame price close above the 1.1840 level could encourage further gains towards the 1.2050 area. To the downside, only a daily price close under the 1.1700 level can negate the overall EURUSD pairs bullish outlook.
The EURUSD pair is only bullish while trading above the 1.1750 level, key resistance is found at the 1.1800 and 1.1840 levels
The EURUSD pair is only bearish while trading below the 1.1740 level, key support is found at the 1.1700 and 1.1680 levels.
