The euro currency is trading back towards the 1.1800 level against the US dollar, following a powerful reversal from the 1.1860 level. Higher time frame analysis shows that EURUSD bulls may attempt to close the weekly and daily price candle above the 1.1840 level today. Traders that are bearish towards the EURUSD pair will look to sell a breakout under the 1.1810 support level.
The EURUSD pair is only bearish while trading below the 1.1810 level, key support is found at the 1.1760 and 1.1710 levels.
The EURUSD pair is only bullish while trading above the 1.1810 level, key resistance is found at the 1.1840 and 1.1910 levels.
