EURUSD At risk
The euro currency is testing the 1.2100 support level against the US dollar, as bearish Brexit headlines start to harm the single currency. Technical analysis shows that the EURUSD pair will turn bearish over the short-term if the 1.1950 support level is broken. Failure to hold the pair under the 1.1950 level could cause the EURUSD pair to set a new multi-year high, around the 1.2280 region.
The EURUSD pair is only bearish while trading below the 1.1950 level, key support is found at the 1.1890 and 1.1850 levels.
The EURUSD pair is only bullish while trading above the 1.1950 level, key resistance is found at the 1.2180 and 1.2280 levels.