The euro currency is testing key weekly support against the US dollar after slipping below the 1.1100 level during the European session. EURUSD bulls need to defend the 1.1060 level in order to avoid a larger drop in the pair towards the 1.0980 technical area. Gains above the 1.1130 level should result in a continuation of the recent rally in the EURUSD towards the 1.1170 level.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1130 and 1.1170 levels.
The EURUSD pair is bearish while trading below the 1.1060 level, key support is found at the 1.0980 and 1.0900 levels.
