The euro currency has rallied to a new 2020 trading high against the US dollar after the pair broke through the 1.1915 resistance level. If the EURUSD pair breaks above the 1.1960 resistance level, then further upside advancement towards the psychological 1.2000 level is possible. To the downside, failure to hold the pair above the 1.1915 level could provoke EURUSD technical selling towards the 1.1800 area.
The EURUSD pair is only bearish while trading below the 1.1915 level, key support is found at the 1.1880 and 1.1840 levels.
The EURUSD pair is only bullish while trading above the 1.1915 level, key resistance is found at the 1.1960 and 1.2000 levels.
