The euro continues to trade close to the 1.1100 level against the greenback, as the pair tracks the latest movements in the US dollar index. A breakout above the 1.1110 resistance level should encourage a EURUSD rally towards the 1.1130 level at a minimum. Only a daily price close under the 1.1075 level can negate the bullish short-term bias surrounding the EURUSD pair.
The EURUSD pair is only bullish while trading above the 1.1075 level, key resistance is found at the 1.1110 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1075 level, key support is found at the 1.1060 and 1.1045 levels.