EURUSD bulls in control
The euro currency has staged a solid recovery against the US dollar, following a brief dip towards the 1.1700 support area on Monday. EURUSD bulls now need to close the daily candle above the 1.1810 level to encourage the next round of heavy technical buying. To the downside, EURUSD bears may start to attack towards the 1.1680 support area if the 1.1700 level is broken.
The EURUSD pair is only bullish while trading above the 1.1760 level, key resistance is found at the 1.1810 and 1.1840 levels.
The EURUSD pair is only bearish while trading below the 1.1760 level, key support is found at the 1.1700 and 1.1680 levels.