The euro has risen to a fresh weekly trading high against the US dollar during the Europen trading session, with the pair breaking above the important 1.1110 level. The EURUSD pair has the potential to rally towards the 1.1260 level while trading above the 1.1110 level. Only a sustained loss of the 1.1075 level could trigger a deeper decline in the EURUSD pair towards the 1.1044 level.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels.
The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1260 levels.
