The euro currency has tested the 1.1145 resistance level against the US dollar as short-term upside momentum in the pair increases. Steady gains above the 1.1145 level could see EURUSD bulls testing towards the important 1.1170 resistance level. Failure to hold price above the 1.1145 resistance level could see the EURUSD pair sold back towards the 1.1100 support area.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1145 and 1.1170 levels.
The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1080 and 1.1060 levels.