The euro currency remains increasingly well supported against the US dollar on Thursday, with the pair creating bullish higher lows. The EURUSD pair should start to push higher once the 1.1090 resistance is broken, leaving the 1.1120 level the next upside objective. Overall, traders have few reasons to be bearish towards the EURUSD will price trades above the 1.1060 level.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1045 and 1.1020 levels.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1090 and 1.1120 levels.
