The euro bulls found support at the 1.2050 critical level, as price attempts to recover from yesterday’s sell-off. The USD is trying to regain ground after yesterday’s upbeat US ISM Manufacturing PMI data, but the bullish sentiment in equities is capping the greenback’s strength. Today, the attention turns to the Eurozone GDP report, a better than expected data will push the single currency higher above 1.21.
Support: 1.2050 / 1.20
Resistance: 1.2185 / 1.2220
