EURUSD Bears getting worried
The euro currency is holding onto its recent gains against the US dollar, following a fairly dovish FOMC meeting minutes released yesterday. EURUSD bears could get squeezed even harder towards the 1.1935 level if the pair breaks above 1.1915 in the short-term. Sellers need to hold the EURUSD pair under the 1.1840 level to feel more comfortable that the upside pressure has finally finished.
The EURUSD pair is only bullish while trading above the 1.1840 level, key resistance is found at the 1.1915 and 1.1935 levels.
EURUSD pair is only bearish while trading below the 1.1840 level, key support is found at the 1.1800 and 1.1750 levels.