The euro currency has rallied above the 1.1800 level against the US dollar after reports suggested that the ECB are may strike a bullish tone at today’s policy meeting. The EURUSD pair has a bullish bias while trading above the 1.1790 level and could rally towards the 1.1940 level. To the downside, a break under the 1.1750 level could expose the EURUSD pair to further losses towards the 1.1680 area.
The EURUSD pair is only bearish while trading below the 1.1790 level, key support is found at the 1.1750 and 1.1680 levels.
The EURUSD pair is only bullish while trading above the 1.1790 level, key resistance is found at the 1.1900 and 1.1940 levels.
