EURUSD 1.1840 now key

The euro currency has staged a powerful rally against the US dollar as the greenback continues to come under heavy downside pressure. Buyers now need to anchor the EURUSD pair above the 1.1840 level to encourage a major push towards the 1.1940 resistance zone. Traders that are bearish towards the EURUSD pair now need to see a daily price close below the 1.1790 level.

• The EURUSD pair is only bearish while trading below the 1.1790 level, key support is found at the 1.1750 and 1.1690 levels.

•  The EURUSD pair is only bullish while trading above the 1.1790 level, key resistance is found at the 1.1870 and 1.1940 levels.