The euro has staged a technical correction against the US dollar during the European trading session after sellers once again failed to take the pair below the 1.1100 support level. The 1.1165 level is the next major resistance area to watch if the rebound continues. Overall, bulls need to move the EURUSD pair above the 1.1215 level to end the current bullish short-term trend.
The EURUSD pair is intraday bearish while trading below the 1.1180 level, key technical support is found at the 1.1130 and 1.1100 levels.
If the EURUSD pair trades above the 1.1180 level, key technical resistance is found at the 1.1216 and 1.1230 levels.
