The euro currency is gathering strength against the US dollar, following the recent bullish breakout above the 1.1110 resistance level. The EURUSD pair is increasingly likely to trade towards the 1.1160 level if bulls continue to hold price above the 1.1110 level. Brexit developments over the weekend could traders booking profits, leaving the 1.1070 level as major near-term support.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1040 levels.
The EURUSD pair is bullish while trading above the 1.1110 level, key resistance is found at the 1.1160 and 1.1190 levels.
