EURUSD 1.1800 still key
The euro currency is attempting to recover higher against the US dollar, due to positive news surrounding the US coronavirus stimulus bill. EURUSD bulls need to anchor price above the 1.1800 level to encourage a rally towards the 1.1840 resistance level. Traders should note that a weekly price close above the 1.1840 level should be considered extremely bullish for the EURUSD pair.
The EURUSD pair is only bearish while trading below the 1.1750 level, key support is found at the 1.1730 and 1.1690 levels.
The EURUSD pair is only bullish while trading above the 1.1750 level, key resistance is found at the 1.1800 and 1.1840 levels.