EURUSD 1.1115 major resistance

The euro remains well-supported on technical pullbacks against the US dollar, following a strong recovery from the 1.1050 level on Monday. The EURUSD pair could force a quick technical breakout towards the 1.1150 level if buyers break through the 1.1115 resistance area. Going forward, only sustained weakness under the 1.1050 support level can negate the bullish short-term outlook surrounding the pair.

• The EURUSD pair is only bullish while trading above the 1.1075 level, key resistance is found at the 1.1115 and 1.1150 levels. 

• The EURUSD pair is only bearish while trading below the 1.1075 level, key support is found at the 1.1050 and 1.1020 levels.