The euro is maintaining upside pressure on the US dollar, with the pair still holding price above the pivotal 1.1050 technical level. Bulls need to move price above the 1.1090 level to encourage the next wave if EURUSD technical buying interest towards the 1.1130 level. An eventual loss of the 1.1050 level may level to a slight decline back toward the 1.1035 support level.
The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1090 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1030 and 1.1000 levels.
