EURUSD awaiting breakout
The euro has pulled back from the 1.1100 level against the US dollar after the pair failed to break higher during the European trading session. Caution towards the upcoming ECB and FOMC rate decisions are blocking a directional breakout in the EURUSD pair. Overall, the EURUSD pair has a bullish trading bias while price continues to trade above the pivotal 1.1080 level.
The EURUSD pair is only bullish while trading above the 1.1080 level, key resistance is found at the 1.1115 and 1.1150 levels.
The EURUSD pair is only bearish while trading below the 1.1080 level, key support is found at the 1.1060 and 1.1030 levels.