EURUSD Watching 1.1920

The euro currency is attempting to recovering against the US dollar after bears failed to sustain an attack below the 1.1900 level. The Parabolic SAR Indicator on the four-hour time frame is generating a buy signal after the EURUSD pair moved above the 1.1920 level. If the EURUSD pair holds above the 1.1920 support level today then bulls could test towards the 1.1990 resistance level.

The EURUSD pair is only bullish while trading above the 1.1920 level, key resistance is found at the 1.1990 and 1.2100 levels.

EURUSD pair is only bearish while trading below the 1.1920 level, key support is found at the 1.1870 and 1.1840 levels.