The euro currency has a slight bearish bias against the US dollar, following multiple upside rejection from the 1.1840 level. A higher time frame close under the 1.1780 level could cause the EURUSD pair to decline towards the 1.1700 support zone. To the upside, bulls need to stabilize price above the 1.1840 level to encourage EURUSD technical buying towards the 1.1880 level.
The EURUSD pair is only bearish while trading below the 1.1780 level, key support is found at the 1.1755 and 1.1700 levels.
The EURUSD pair is only bullish while trading above the 1.1780 level, key resistance is found at the 1.1840 and 1.1880 levels.
