The euro has performed multiple daily price closes above the 1.1075 level against the US dollar, further confirming its intention to test higher. Once the 1.1100 level is broken the EURUSD pair could start to accelerate, with the 1.1180 level the near-term goal. Overall, traders should expect a medium-term bullish shift in the EURUSD pair if the 1.1180 resistance level is broken.
The EURUSD pair is only bullish while trading above the 1.1075 level, key resistance is found at the 1.1100 and 1.1180 levels.
The EURUSD pair is only bearish while trading below the 1.1075 level, key support is found at the 1.1060 and 1.1045 levels.
