The euro has continued to rally against the US dollar during the European trading session, placing the 1.1180 resistance level back into focus. A breakout above the 1.1180 level should encourage the EURUSD pair to rally towards the 1.1200 technical area. Overall, traders should remember that the 1.1260 area is likely to be achieved before a strong pullback in the pair occurs.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels.
The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1210 levels.
