EURUSD Struggling to rally
The euro currency is struggling to rally against the US dollar, as optimism starts to fade over the ongoing US coronavirus stimulus talks. Buyers need to hold price above the 1.1760 level to encourage further technical buying towards the 1.1790 resistance zone. To the downside, repeated weakness below the 1.1730 level could see the EURUSD pair testing the 1.1690 support zone.
The EURUSD pair is only bearish while trading below the 1.1730 level, key support is found at the 1.1710 and 1.1690 levels.
The EURUSD pair is only bullish while trading above the 1.1730 level, key resistance is found at the 1.1760 and 1.1790 levels.