EURUSD 1.1200 still possible
The euro currency has staged a minor technical correction lower against the US dollar after the pair found technical resistance from just below the 1.1180 level. EURUSD bulls still have time to advance towards the 1.1200 level ahead of Thursday’s key ECB policy meeting. A sustained loss of the 1.1145 level could push the EURUSD pair towards the 1.1125 support level.
The EURUSD pair is only bearish while trading below the 1.1145 level, key support is found at the 1.1125 and 1.1090 levels.
The EURUSD pair is bullish while trading above the 1.1145 level, key resistance is found at the 1.1180 and 1.1200 levels.