The euro currency has eroded its weekly gains against the US dollar as traders after sellers failed to break above the important 1.1900 level. Technical analysis highlights that a breakout below the 1.1760 support level could send the EURUSD pair towards the 1.1600 area. Technical analysis highlights that the EURUSD pair is currently trading within a large broadening wedge pattern.
-The EURUSD pair is only bearish while trading below the 1.1860 level, key support is found at the 1.1785 and 1.1760 levels.
-The EURUSD pair is only bullish while trading above the 1.1860 level, key resistance is found at the 1.1900 and 1.1935 levels.
