The euro currency is trading in a large trading range against the US dollar currency, as traders remain undecided about the pairs short-term trend. Technical analysis shows that continued gains above the 1.1840 level could provoke another test of the 1.1890 area. Traders that are bearish towards the EURUSD may await a weekly and monthly price close under the 1.1780 support level.
The EURUSD pair is only bearish while trading below the 1.1780 level, key support is found at the 1.1730 and 1.1685 levels.
The EURUSD pair is only bullish while trading above the 1.1780 level, key resistance is found at the 1.1840 and 1.1890 levels.
