The euro continues to consolidate against the US dollar as the market awaits the outcome of the Trump impeachment trial. The EURUSD pair could rally to the upside if impeachment charges are issued against US President Trump later this afternoon. A breakout above the 1.1200 level could provoke further gains in the EURUSD pair toward the 1.1260 resistance level.
The EURUSD pair is only bullish while trading above the 1.1130 level, key resistance is found at the 1.1260 and 1.1260 levels.
The EURUSD pair is only bearish while trading below the 1.1130 level, key support is found at the 1.1115 and 1.1090 levels.