The dollar sold off in early European trade Thursday, registering a new two-year low, weighed by concerns the U.S. economic recovery may be delayed as the coronavirus continues to cause damage and the latest U.S. relief plan is delayed due to political wrangling.
The market is triggering a short term upturn, looking for attempts to extend rallies and attack the previous swing high peaking levels. A breakout over the 1.1920 swing high signals a stretch to 1.1990. A close under 1.1740 is bearish and suggests a secondary selling wave.

R2          1.1920
R1          1.1885

 
S1          1.1845
S2          1.1830