The euro currency has managed to bounce from the 1.1010 technical area against the US dollar, although upside momentum is currently lacking. EURUSD bulls need to force an intraday recovery above the 1.1065 level to secure a test of the 1.1120 resistance level this week. Overall, sustained weakness below the 1.1020 level should be considered bearish for the EURUSD pair.
The EURUSD pair is only bearish while trading below the 1.1065 level, key support is found at the 1.1010 and 1.0980 levels.
The EURUSD pair is only bullish while trading above the 1.1065 level, key resistance is found at the 1.1090 and 1.1120 levels.
