The euro currency has suffered another rejection from the 1.1150 level against the US dollar during the European trading session. The latest upside failure has created a bearish double-top pattern and could send the EURUSD pair back towards the 1.1070 level. Overall, the medium-term risk for the EURUSD pair is a steeper decline back towards the 1.1020 support region.
The EURUSD pair is only bearish while trading below the 1.1150 level, key support is found at the 1.1110 and 1.1070 levels.
The EURUSD pair is only bullish while trading above the 1.1150 level, key resistance is found at the 1.1180 and 1.1210 levels.
