EURUSD testing key pivot
The euro is attempting to recover higher against the US dollar following the release of more better than expected European data points. The EURUSD pair is currently testing towards the pivotal 1.1216 level, after briefly slipping below the 1.1200 support level. Short-term technical indicators suggest that the EURUSD pair could test back towards the 1.1250 level if the pivot is broken.
The EURUSD pair is intraday bullish while trading above the 1.1216 level, key technical resistance is found at the 1.1250 and 1.1265 levels.
If the EURUSD pair fail to move above the 1.1216 level, key support is found at the 1.1190 and 1.1164 levels.