The euro has staged a technical pullback against the US dollar, following the pair being heavily rejected from the 1.1200 resistance level. The EURUSD pair still has a strong short-term bullish while trading above the 1.1090 level and should continue to push higher. The sustained breakout above the 1.1155 level has now changed the medium-term EURUSD trend from bearish to bullish.
The EURUSD pair is only bullish while trading above the 1.1090 level, key resistance is found at the 1.1200 and 1.1260 levels.
The EURUSD pair is only bearish while trading below the 1.1090 level, key support is found at the 1.1060 and 1.1030 levels.
