The euro currency is holding above the 1.1100 level against the US dollar, as the pair is starting to benefit from broad based weakness in the greenback. Continued gains above the 1.1100 level will help encourage the notion that a major price floor may have been established at the 1.1066 level. A rally towards the 1.1150 level would confirm bulls intention to test back towards the 1.1200 level.
- The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1130 and 1.1150 levels.
- The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1060 and 1.1020 levels.
