The euro is struggling to move away from the 1.1000 level against the US dollar, following multiple upside failures around the 1.1020 level. Going forward, a break under the 1.0990 support level exposes further losses towards the 1.0945 technical region. EURUSD buyers quickly need to rally price above the 1.1045 resistance level to negate intraday bear pressure.
The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1060 and 1.1100 levels.
The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.0990 and 1.0945 levels.
