- March 2, 2020
- Posted by: Analysis Team
- Category: Forex News
EURUSD TARGETING 1.1120 KEY
The euro currency has recovered back above the 1.1000 level against the US dollar after dip-buyers bought the pair from the 1.0960 level. Going forward, bulls may start to attack towards the 1.1120 level if they can force a breakout above the 1.1060 resistance level. A sustained loss of the 1.0960 technical area could see the EURUSD pair sold back towards the 1.0920 support level.
The EURUSD pair is only bullish while trading above the 1.0960 level, key resistance is found at the 1.1060 and 1.1120 levels.
The EURUSD pair is bearish while trading below the 1.0960 level, key support is found at the 1.0920 and 1.0880 levels.