EURUSD 1.1980 resistance
The euro is pressing towards a new multi-year high against the US dollar, as dip-buying for the pair under the 1.1900 level remains strong. Technical analysis shows that the strongest form of upcoming resistance before the 1.2000 level is found at the 1.1980 level. Traders that are more cautious towards the EURUSD pair may await a stronger pullback towards the 1.1840 support zone.
The EURUSD pair is only bearish while trading below the 1.1890 level, key support is found at the 1.1840 and 1.1780 levels.
The EURUSD pair is only bullish while trading above the 1.1890 level, key resistance is found at the 1.1980 and 1.2000 levels.