The euro currency staged a solid recovery against the US dollar, following a short-lived dip towards the important 1.1100 support level. Traders that are bullish towards the EURUSD pair will now start to target the 1.1200 and possibly the 1.1240 resistance level. Price stabilization above the 1.1145 level should be considered very bullish for the EURUSD pair over the medium-term.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1145 and 1.1200 levels.
The EURUSD pair is only bearish while trading below the 1.1145 level, key support is found at the 1.1080 and 1.1060 levels.
