The euro currency has fallen to a multi-day low against the US dollar, following the news that trials for the Pfizer COVID-19 vaccine have proved to be 90 percent successful. Technical analysis shows that the EURUSD pair could fall towards the 1.1710 area if the 1.1790 level is broken. To the upside, if the 1.1790 support level holds that the EURUSD pair may recover back towards the 1.1900 level.
The EURUSD pair is only bearish while trading below the 1.1840 level, key support is found at the 1.1790 and 1.1710 levels.
The EURUSD pair is only bullish while trading above the 1.1840 level, key resistance is found at the 1.1900 and 1.1920 levels.
