The euro currency is testing towards the best levels of the week against the US dollar, as the overall bid-tone towards the pair remains firmly in place. The EURUSD pair is likely to test towards the 1.1120 level, with the 1.1180 level acting as extended weekly resistance. Overall, only a sustained move below the 1.1060 level can negate the bearish outlook towards the EURUSD.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1120 and 1.1180 levels.
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.