EURUSD correction underway
The euro currency has started to correct lower against the US dollar after the pair suffered numerous failed attempts to break above the 1.1900 resistance level. Continued weakness below the 1.1840 level could see the EURUSD pair testing towards the 1.1790 level. To the upside, a breakout above the 1.1900 resistance level may encourage a technical buying towards the 1.1940 area.
The EURUSD pair is only bearish while trading below the 1.1840 level, key support is found at the 1.1810 and 1.1790 levels.
The EURUSD pair is only bullish while trading above the 1.1840 level, key resistance is found at the 1.1900 and 1.1940 levels.