The euro is starting to give back a portion of its recent trading gains against the US dollar as intraday market sentiment weakens. The EURUSD pair could target the 1.1110 resistance level this week if buyers can continue to maintain control of short-term price action. Overall, traders should note that the EURUSD pair still remains bullish while trading above the 1.0990 support level.
The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0950 and 1.0920 levels.
The EURUSD pair is bullish while trading above the 1.0990 level, key resistance is found at the 1.1065 and 1.1110 levels.
