The euro has moved slightly lower against the US dollar during the European trading session, following the release of more weak German economic data. Despite the recent pullback, the EURUSD pair remains bullish on a weekly basis while trading above the 1.0950 level. To the upside, a major technical breakout will occur if the 1.1025 resistance level is broken this week.
The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
