EURUSD catalyst needed
The euro currency is moving lower against the US dollar, following the release of more weak Manufacturing data from the German economy. A minor technical correction back towards the 1.1115 support level still remains possible for the EURUSD pair. Overall, bulls need to close the day above the 1.1155 level, while sellers need to close the day below the 1.1115 level.
The EURUSD pair is only bullish while trading above the 1.1130 level, key resistance is found at the 1.1155 and 1.1200 levels.
The EURUSD pair is only bearish while trading below the 1.1130 level, key support is found at the 1.1115 and 1.1090 levels.