EURUSD 1.2275 Now Key
The euro currency continued to advance against the US dollar, as the fundamental background surrounding the pair continues to favour more upside. Technical analysis shows that a breakout above the 1.2275 area could see the EURUSD pair easily testing towards the 1.2330 level, and possibly higher. Alternatively, a strong rejection from the 1.2275 area could see the EURUSD pair falling back towards the 1.2000 support zone.
The EURUSD pair is only bullish while trading above the 1.2170 level, key resistance is found at the 1.2300 and 1.2330 levels.
The EURUSD pair is only bearish while trading below the 1.2170 level, key support is found at the 1.2130 and 1.2050 levels.
Reprinted from ActionForex，the copyright all reserved by the original author.
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