Euro trades near the support 1.1800 area. If it breaks below 1.18 the next downside levels to watch 1.1770 and 1.1740. On the upper side, the first immediate resistance can be found at 1.1850 then 1.1890.
The currency pair up more than 70 pips from yesterday. If the bullish momentum continues the next upside levels to watch 0.9390 and 0.9420. On the downside, 0.9240 remains a crucial support area to watch.
After the tremendous upside rally now the currency pair trading sideways. If the bullish momentum continues the next upside levels to watch 134.20/40.
On the flip side, the immediate support at 133.50 and any break will drag the pair to 132.90/50.
EURUSD under pressure after the release of weak German retail sales. At the time of writing, the currency pair trading near yesterday's low of 1.2209.
Key levels to watch this week:
Support: 1.2160 & 1.2130
Resistance: 1.2270 & 1.2300
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