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EURUSD 1.1940 Possible

The euro currency has a positive intraday bias against the US dollar after bulls performed a bullish daily price close above the 1.1890 level. Technical analysis highlights that the EURUSD pair could be preparing to rally towards the 1.1940 area in the short-term. A confirmed breakout above the 1.1940 resistance zone could see the EURUSD pair breaking out towards the 1.2100 area.

The EURUSD pair is only bearish while trading below the 1.1860 level, key support is found at the 1.1840 and 1.1800 levels.

The EURUSD pair is only bullish while trading above the 1.1860 level, key resistance is found at the 1.1940 and 1.2000 levels.

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