EURUSD only bearish under 1.1840
The euro currency has staged a strong reversal against the US dollar, after the greenback gained strength after the release of the latest FOMC meeting minutes. The intraday technical shows that EURUSD pair is only bearish while trading below the 1.1840 level. Traders may look to buy any dips below the 1.1800 level in anticipation in a coming rally towards the 1.2000 resistance area.
- The EURUSD pair is only bearish while trading below the 1.1840 level, key support is found at the 1.1800 and 1.1770 levels.
- The EURUSD pair is only bullish while trading above the 1.1840 level, key resistance is found at the 1.1930 and 1.1960 levels.