The euro currency is searching for direction against the US dollar after the pair rallied back towards the 1.1960 resistance level. The EURUSD pair will encourage technical buying next week if bulls can close the weekly candle above the 1.1860 level. EURUSD traders are expected to buy any dips towards the 1.1770 support area in anticipation of a counter-rally towards the 1.2000 level.
The EURUSD pair is only bearish while trading below the 1.1770 level, key support is found at the 1.1730 and 1.1685 levels.
The EURUSD pair is only bullish while trading above the 1.1770 level, key resistance is found at the 1.1860 and 1.1960 levels.
