The euro currency is struggling to move above the 1.1100 level against the US dollar as downside pressure starts to build on the pair. Continued failure around current levels should see the EURUSD pair testing towards the 1.1060 support level over the coming trading sessions. At present, a daily price close above the 1.1170 level is needed to encourage short and medium-term buyers.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1145 and 1.1170 levels.
The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1080 and 1.1060 levels.
