The euro is testing towards the 1.1200 level against the US dollar after being quickly bough around the 1.1090 level on Wednesday. Continued gains above the 1.1170 level could see the EURUSD pair testing towards the 1.1260 and possibly the 1.1310 level. Failure to maintain the 1.1170 level could provoke a major sell-off in the EURUSD pair towards the 1.1000 support level.
The EURUSD pair is only bullish while trading above the 1.1170 level, key resistance is found at the 1.1260 and 1.1310 levels.
The EURUSD pair is bearish while trading below the 1.1170 level, key support is found at the 1.1090 and 1.1060 levels.
