The euro currency is falling back towards the 1.2100 level against the US dollar after the pair failed to breach the 1.2200 resistance zone. EURUSD bulls may use this current pullback as a buying opportunity in expectation of a powerful bullish reversal. The 1.2080 area is likely to be critical support for the EURUSD if the 1.2100 support level breaks and a potential swing buy zone.
The EURUSD pair is only bullish while trading above the 1.2080 level, key resistance is found at the 1.2170 and 1.2200 levels. EURUSD pair is only bearish while trading below the 1.2080 level, key support is found at the 1.2060 and 1.2030 levels.