EURUSD SUPPORT HOLDING
The euro currency is holding firm against the US dollar on Tuesday, as traders continue to buy into dips below the 1.1300 level. Technical analysis shows that while the EURUSD pair trades the 1.1240 support level then further gains towards the 1.1500 resistance remain possible. To the downside, a breakout below the 1.1240 level could see the EURUSD pair falling towards the 1.1150 level.
The EURUSD pair is only bullish while trading above the 1.1240 level, key resistance is found at the 1.1400 and 1.1500 levels.
The EURUSD pair is only bearish while trading below the 1.1240 level, key support is found at the 1.1190 and 1.1150 levels.