EURUSD 1.1160 holds

The euro has edged slightly higher against the greenback, despite a negative GDP reading from the German economy earlier today. EURUSD bulls have defended the 1.1160 level, sparking a bouncing, with the 1.1200 and 1.1226 level the major upcoming resistance area. A bearish break under the 1.1160 level is likely to spark EURUSD selling towards at least the 1.1145 level.

• The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1145 and 1.1130 levels. 

• If the EURUSD pair trades above the 1.1200 level, bulls may test towards the 1.1225 and 1.1248 levels.