EURUSD 1.1840 still key

The euro currency is trading in a large trading range against the US dollar currency, as traders remain undecided about the pairs short-term trend. Technical analysis shows that continued gains above the 1.1840 level could provoke another test of the 1.1890 area. Traders that are bearish towards the EURUSD may await a weekly and monthly price close under the 1.1780 support level.

• The EURUSD pair is only bearish while trading below the 1.1780 level, key support is found at the 1.1730 and 1.1685 levels.

•  The EURUSD pair is only bullish while trading above the 1.1780 level, key resistance is found at the 1.1840 and 1.1890 levels.