EURUSD 1.1045 needed
The euro has managed a marginal recovery from the 1.1000 level against the US dollar, following a technical battle in this area on Tuesday. EURUSD bulls need to advance the pair above the 1.1042 level to confirm that a short-term price floor is now in place. Overall, traders will start to turn bullish towards the EURUSD pair on an intraday basis if the 1.1065 resistance level is overcome.
The EURUSD pair is only bearish while trading below the 1.1065 level, key support is found at the 1.1000 and 1.0980 levels.
The EURUSD pair is only bullish while trading above the 1.1065 level, key resistance is found at the 1.1090 and 1.1120 levels.