The euro currency is trading in a narrow range against the US dollar, with the pair currently trapped between the 1.1060 to 1.1080 levels. A bullish range breakout above the 1.1080 level could send the EURUSD pair towards the 1.1115 resistance level. Looking at the downside for the EURUSD pair, a breakout under the 1.1060 level could force a technical test of the 1.1030 level.
The EURUSD pair is only bullish while trading above the 1.1080 level, key resistance is found at the 1.1115 and 1.1150 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1050 and 1.1030 levels.
