EURUSD 1.1820 insight
The euro currency is continuing the recent breakout move higher against the US dollar, with the pair advancing towards the 1.1800 resistance level. Higher time frame analysis shows that strong Fibonacci and trendline resistance is located around the 1.1820 level. To the downside, a loss of the 1.1680 support level is currently needed to encourage selling towards the 1.1580 area.
The EURUSD pair is only bullish while trading above the 1.1680 level, key resistance is found at the 1.1820 and 1.1890 levels.
The EURUSD pair is only bearish while trading below the 1.1680 level, key support is found at the 1.1580 and 1.1500 levels.