The euro currency is starting to gain upside momentum against the US dollar after breaking through its former weekly trading high. The 1.1160 level is now the key resistance level EURUSD bulls need to break in order to encourage a technical test of the 1.1215 level. Sellers need to force price below the 1.1110 level in order to shift the intraday sentiment surrounding the EURUSD pair.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1080 and 1.1040 levels.
If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1160 and 1.1215 levels.
