The euro is trading back above the 1.1248 level against the US dollar in early Friday trade after bears once again failed to move the pair below the 1.1200 level. Bulls now need to move price above the 1.1285 level to encourage fresh EURUSD buying interest. Bears need to break the 1.1200 support level over the coming trading sessions or EURUSD sellers may start to lose conviction.
The EURUSD pair is only bearish while trading below the 1.1248 level, key support is found at the 1.1200 and 1.1185 levels.
If the EURUSD pair trades above the 1.1248 level, bulls could test back towards the 1.1285 and 1.1310 levels.