EURUSD 1.2160 critical support
The euro currency is struggling to find direction against the US dollar in early week trading as buyers fail to break above the 1.2200 level. Technical analysis shows that the 1.2160 level currently offers the strongest form of near-term support for the EURUSD pair. Traders that are bullish towards the EURUSD pair may also enter on a technical breakout above the 1.2200 resistance level.
The EURUSD pair is only bearish while trading below the 1.2160 level, key support is found at the 1.2130 and 1.2110 levels.
The EURUSD pair is only bullish while trading above the 1.2110 level, key resistance is found at the 1.2200 and 1.2220 levels.