EURUSD 1.1730 now key

The euro currency has staged a notable pullback against the US dollar, following bearish news surrounding the next COVID-19 stimulus package. EURUSD bulls need to anchor price above the 1.1730 level to avoid a much steeper decline towards the 1.1660 support area. To the upside, gains above the 1.1730 level could see the EURUSD pair challenging towards the 1.1840 level.

• The EURUSD pair is only bearish while trading below the 1.1730 level, key support is found at the 1.1710 and 1.1660 levels.

•  The EURUSD pair is only bullish while trading above the 1.1730 level, key resistance is found at the 1.1800 and 1.1840 levels.