The euro currency has moved above the 1.1000 level against the US dollar, as the greenback comes under pressure across the board. The EURUSD pair is testing major trendline resistance across the four-hour time frame, which is the key technical area bulls need to break. Overall, a break above the 1.1020 level could propel the EURUSD toward the 1.1070 resistance level.
The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1020 and 1.1070 levels.
