EURUSD 1.2150 now key

The euro currency continues to correct higher against the US dollar, as traders react to Italian Prime Minister Conte winning a vote of confidence in the Italian parliament. Continued gains above the 1.2150 level could see the EURUSD pair testing towards the 1.2180 level. A daily price close under the 1.2125 support level would cause short-term downside pressure towards the EURUSD pair to increase.

• The EURUSD pair is only bearish while trading below the 1.2100 level, key support is found at the 1.2060 and 1.2000 levels.

• The EURUSD pair is only bullish while trading above the 1.2100 level, key resistance is found at the 1.2125 and 1.2150 levels.