The euro is building on yesterday’s gains against the US dollar, with the pair now starting to advance above the 1.1000 resistance level. The EURUSD pair could target the 1.1060 resistance area before a meaningful technical correction takes place. Overall, traders should be cautious trying to sell the EURUSD pair until price reaches the 1.1060 to 1.1090 resistance zone.
The EURUSD pair is only bullish while trading above the 1.0960 level, key resistance is found at the 1.1060 and 1.1090 levels.
The EURUSD pair is bearish while trading below the 1.0960 level, key support is found at the 1.0910 and 1.0860 levels.