The euro is keeping its short-term bullish bias intact against the US dollar after buyers defended the latest attempt to break the pivotal 1.1110 support level. Going forward, the EURUSD pair will need to break above the 1.1200 level to turn bullish over the medium-term. EURUSD bulls will need to move price above the 1.1160 level to encourage a technical test towards the 1.1200 resistance level.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1040 levels.
The EURUSD pair is bullish while trading above the 1.1110 level, key resistance is found at the 1.1160 and 1.1200 levels.
