The euro is struggling to move above the 1.1216 resistance level against the US dollar despite bullish new that the Trump administration will delay its decision on potential EU trade tariffs. A clear range break from the 1.1164 to 1.1265 price levels is now needed before the EURUSD pair picks its next strong directional bias. Due to the upcoming European elections, the euro currency may stay relatively contained until after the event.
The EURUSD pair is only bullish while trading above the 1.1264 level, key technical resistance is found at the 1.1290 and 1.1330 levels.
If the EURUSD pair moves below the 1.1165 level, key technical support is found at the 1.1130 and 1.1100 levels.
