EURUSD awaiting direction
The euro is struggling to find direction against the US dollar, with the pair trading in an increasingly narrow price range. Sellers have so far been unable to close price under the 1.1115 support level, provoking a bounce in the EURUSD pair back towards the 1.1130 level. Overall, EURUSD bulls need to rally price above the 1.1170 level or they risk losing control of the pair in the short-term.
The EURUSD pair is only bullish while trading above the 1.1130 level, key resistance is found at the 1.1170 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.