The euro currency continues to consolidate around the 1.1100 level against the US dollar as traders remain cautious towards the pair ahead of the release of FOMC Meeting Minutes and EU PMI data on Thursday. A technical break below the 1.1050 level exposes possible losses for the EURUSD pair towards the 1.1020 level. A bullish breakout above the 1.1110 level is likely to prompt an important test of the 1.1130 resistance level.
If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels.
If the EURUSD pair trades below the 1.1070 level, sellers may test towards the 1.1050 and 1.1020 levels.
