EURUSD 1.2280 strong resistance
The euro currency continues has set a new yearly high against the US dollar during the European session, as the greenback continues to lose ground on the foreign exchange market. Technical analysis shows that the 1.2280 level offers the strongest form of upside resistance if the 1.2200 level is overcome. It is also noteworthy that the EURUSD pair could be volatile later today as the December Non-farm payrolls job report is released.
The EURUSD pair is only bullish while trading above the 1.2010 level, key resistance is found at the 1.2200 and 1.2280 levels.
The EURUSD pair is only bearish while trading below the 1.2010 level, key support is found at the 1.1980 and 1.1940 levels.