The euro has edged slightly higher against the greenback, despite a negative GDP reading from the German economy earlier today. EURUSD bulls have defended the 1.1160 level, sparking a bouncing, with the 1.1200 and 1.1226 level the major upcoming resistance area. A bearish break under the 1.1160 level is likely to spark EURUSD selling towards at least the 1.1145 level.
The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1145 and 1.1130 levels.
If the EURUSD pair trades above the 1.1200 level, bulls may test towards the 1.1225 and 1.1248 levels.
