EURUSD still extremely weak
The euro remains extremely weak against the greenback going into the US trading session, with the pair so far finding support from the 1.1094 level. The 1.1110 level is the immediate sticking point for EURUSD bulls, which is a former major resistance area. Failure to overcome this level could lead to a further technical selling back towards the 1.1050 support region.
If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1160 levels.
If the EURUSD pair trades below the 1.1110 level, sellers may test towards the 1.1094 and 1.1050 levels.