The euro has slowly advanced higher against the US dollar during the European trading session, giving traders another opportunity to sell the pair at a better price. The EURUSD pair may test as close as possible towards the 1.1110 resistance level before rolling over. Only a sustained breakout above the 1.1110 level will change the negative intraday sentiment surrounding the pair.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1050 levels.
The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1150 and 1.1180 levels.
