EURUSD 1.1820 resistance

The euro currency has staged a minor technical bounce against the US dollar after financial markets opened the new trading week in risk-on mode. A break above the 1.1820 resistance level exposes further upside towards the 1.1860, and possibly the 1.1880 level. To the downside, a drop under the 1.1780 level could see the EURUSD pair falling towards the 1.1680 support area.

• The EURUSD pair is only bearish while trading below the 1.1800 level, key support is found at the 1.1780 and 1.1730 levels.

•  The EURUSD pair is only bullish while trading above the 1.1800 level, key resistance is found at the 1.1840 and 1.1880 levels.