The euro is rising against the US dollar, following comments from US President Donald Trump surrounding more interest rate cuts from the Federal Reserve and weak US data. The EURUSD pair needs to hold price above the 1.1045 level to encourage fresh technical buying interest. A daily price close above the 1.1075 resistance level should be considered bullish for the EURUSD pair this week.
The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1100 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.0980 and 1.0945 levels.
