The euro currency has started to edge lower against the greenback during the European trading session, following the release of more weak EU Manufacturing data. The EURUSD pair is still technically bullish, with the latest decline failing to produce a range break. Overall, the next directional move in the EURUSD pair should occur once the 1.1110 to 1.1180 price range has been broken.
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 only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1210 levels.
