EURUSD Trading Flat Following Strong Gains

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The euro currency is trading on a flat note on Thursday. This comes after the common currency rose close to 0.61% in the past two days.

The flat movement comes near the 1.1900 level. The euro currency has breached past this level, but it looks like the euro has failed to find a footing.

A bearish follow through on the day could confirm a reversal for the common currency in the near term.

Alternately, if we see an up day, then the euro could be looking to post further gains.

The next key resistance level for the EURUSD will be the 1.2000 price level.

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