The euro is consolidating below 1.1100 level against the US dollar as traders await the European Central Bank policy meeting. A break under the 1.1060 support level exposes the EURUSD level to more weakness towards the 1.0990 support level. A breakout above the 1.1125 level could see the EURUSD pair rallying back towards the important 1.1170 resistance level.
The EURUSD pair is only bullish while trading above the 1.1125 level, key resistance is found at the 1.1145 and 1.1170 levels.
The EURUSD pair is only bearish while trading below the 1.1125 level, key support is found at the 1.1060 and 1.0990 levels.
