The euro has held major support against the US dollar during the European trading session, with the pair rebounding from the 1.1020 level. EURUSD buyers now need to overcome the 1.1045 resistance level in order to secure further intraday trading gains. Overall, an upcoming test of the 1.1065 resistance level should be a defining moment for the EURUSD this week.
The EURUSD pair is only bearish while trading below the 1.1065 level, key support is found at the 1.1020 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.