The euro has failed to move above critical technical resistance against the US dollar, with the latest rally halting around the 1.1030 level. Going forward, EURUSD bulls need to move price above the 1.1045 resistance level to force a short-term technical breakout. Overall, the 1.0980 level is still critical weekly technical support for the EURUSD pair below the 1.1000 level.
The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1000 and 1.0980 levels.
The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1065 and 1.1120 levels.
