The euro currency has remained largely unchanged against the US dollar during the European trading session as traders remain cautious ahead of the ECB meeting. The key upside levels to watch today if a breakout above the 1.1100 level occurs are found at the 1.1160 and 1.1200 areas. To the downside, the 1.0940 and 1.0860 level are the major bearish target if the EURUSD declines.
The EURUSD pair is bearish while trading below the 1.1000 level, key support is found at the 1.0940 and 1.0860 levels.
The EURUSD pair is intraday bullish while trading above the 1.1100 level, key resistance is found at the 1.1160 and 1.1200 levels.
