The euro is attempting to build on its former weekly gains against the US dollar, with the pair so far finding resistance from the 1.1067 level. Going forward, continued gains above the 1.1060 level should be the signal for further upside towards the 1.1080 level. Overall, a sustained loss of the 1.1045 support level is needed to accelerate EURUSD downward pressure towards the 1.1020 level.
The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1020 and 1.0980 levels.
The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1067 and 1.1080 levels.
