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EUR/USD received support near 1.1720 and is trying to rebound. If EUR/USD manages to gain some upside momentum, it will head towards the resistance at 1.1750.

A move above the resistance at 1.1750 will push EUR/USD towards the next resistance level which is located at 1.1775. A successful test of this level will open the way to the test of the next resistance at 1.1800.

On the support side, EUR/USD needs to settle below the support at 1.1720 to continue its downside move. The next support level for EUR/USD is located at 1.1690. In case EUR/USD declines below the support at 1.1690, it will head towards the next support level at 1.1660.