EURUSD Cautiously bullish
The euro currency is attempting to break higher against the US dollar, as the pair presses towards the technically important 1.1680 level. Traders may be cautious towards buying the EURUSD pair at a current level due to the upcoming US Presidential election. Bullish MACD price divergence on the lower time frame is warning that the EURUSD pair could rally towards the 1.1800 area.
The EURUSD pair is only bearish while trading below the 1.1680 level, key support is found at the 1.1610 and 1.1550 levels.
The EURUSD pair is only bullish while trading above the 1.1680 level, key resistance is found at the 1.1770 and 1.1800 levels.