EURUSD 1.1180 low in focus
The euro has slipped back towards the worst trading levels of the month against the US dollar after the pair failed to move above the 1.1240 resistance area. The EURUSD pair could test towards the last important technical low, at 1.1180, if the 1.1205 level is broken. In summary, the next short-term directional breakout will open once the 1.1205 to 1.1240 range is broken.
The EURUSD pair is only bullish while trading above the 1.1240 level, key technical resistance is found at the 1.1255 and 1.1280 levels.
If the EURUSD pair trades below the 1.1205 level, key support is found at the 1.1180 and 1.1150 levels.