EURUSD still directionless
The euro is struggling to find a clear direction against the US dollar, following the latest failed attempt above the 1.1000 level. A clear breakout from the 1.0970 to 1.1025 price range should inspire the next major move in the EURUSD pair. Overall, key risk events for the EURUSD pair include the releases of US economic data and possible impeachment charges against US President Donald Trump.
The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0970 and 1.0925 levels.
The EURUSD pair is only bullish while trading above the 1.1000 level, key resistance is found at the 1.1025 and 1.1110 levels.