The euro currency is firming above the 1.1200 level against the US dollar on Tuesday as the recent upside breakout in the pair gathers pace. Continued gains above the 1.1200 level should see the EURUSD pair advancing towards the 1.1260 resistance level at a minimum. Only sustained weakness under the 1.1170 support level would start to concern short-term EURUSD bulls at this stage.
- The EURUSD pair is only bullish while trading above the 1.1170 level, key resistance is found at the 1.1260 and 1.1300 levels.
- The EURUSD pair is only bearish while trading below the 1.1170 level, key support is found at the 1.1130 and 1.1110 levels.
