The euro currency appears increasingly bearish against the US dollar, as the pair fails to attract meaningful buying interest over the short-term. Higher time frame analysis shows that the EURUSD pair could fall towards the 1.1500 support area if bears close the daily candle below the 1.1785 level. If bulls close the daily candle above the 1.1840 resistance level it may encourage technical buying towards the 1.1900 level, at a minimum.
The EURUSD pair is only bearish while trading below the 1.1840 level, key support is found at the 1.1785 and 1.1750 levels.
The EURUSD pair is only bullish while trading above the 1.1840 level, key resistance is found at the 1.1900 and 1.1940 levels.
