The euro continues to hold onto recent gains agains the US dollar, although the pair is struggling to hold above the 1.1240 resistance level. EURUSD bulls will need to move price above the 1.1248 level to change the weekly trading sentiment toward the pair. Overall, traders remain extremely cautious towards the EURUSD due the upcoming ECB policy meeting next week.
The EURUSD pair is only bearish while trading below the 1.1220 level, key support is found at the 1.1200 and 1.1185 levels.
If the EURUSD pair trades above the 1.1220 level, bulls could test back towards the 1.1248 and 1.1270 levels.