The euro has continued to recover higher against the US dollar during the European trading session, with the pair heading towards the 1.1100 level. Sellers may look to fade the recent rally in the EURUSD pair if price reaches the 1.1120 resistance area. Looking at the upside, gains above the 1.1120 level could provoke a stronger rally in the EURUSD pair towards the 1.1200 area.
The EURUSD pair is only bullish while trading above the 1.1020 level, key resistance is found at the 1.1120 and 1.1200 levels.
The EURUSD pair is bearish while trading below the 1.1020 level, key support is found at the 1.0980 and 1.0960 levels.
