The euro currency is holding firm above the 1.1070 level against the US dollar as the pairs current yearly trading low remains intact. Bearish fundamental news has failed to push the EURUSD pair lower, which may encourage bulls to test towards the current weekly high. Overall, the release of the FOMC Meeting Minutes should be the next directional catalyst for the EURUSD pair.
The EURUSD pair is bearish while trading below the 1.1100 level, key support is found at the 1.1070 and 1.1050 levels.
If the EURUSD pair trades above the 1.1100 level, bulls may test towards the 1.1110 and 1.1130 levels.
