The euro currency has started the new trading week positively against the US dollar, with the pair edging towards the 1.2000 resistance level. Traders that are bullish towards the EURUSD pair may continue to buy into price dips while price trades above the 1.1940 level. Breakout traders may target a coming rally towards the 1.2200 area if the psychological 1.2000 level is overcome.
The EURUSD pair is only bearish while trading below the 1.1940 level, key support is found at the 1.1920 and 1.1890 levels.
The EURUSD pair is only bullish while trading above the 1.1940 level, key resistance is found at the 1.2000 and 1.2060 levels.