EURUSD 1.1200 failure
The euro currency is under slight downside pressure against the US dollar after being rejected from the technically important 1.1200 level. The EURUSD pair could start to test towards the 1.1100 support level if price continues to be rejected from the 1.1200 level. Daily price closes above or below the 1.1170 level should provide clues towards the EURUSD pairs next directional move.
The EURUSD pair is only bullish while trading above the 1.1170 level, key resistance is found at the 1.1200 and 1.1240 levels.
The EURUSD pair is bearish while trading below the 1.1170 level, key support is found at the 1.1145 and 1.1100 levels.