EURUSD 1.1100 failure
The euro currency is attempting to recover higher in early Friday trade against the greenback after sellers failed to break the 1.1100 support level. Price stabilization above the 1.1130 resistance level should signal the next push higher in the EURUSD pair. Overall, watch out for a bullish weekly price close above the 1.1150 level as a signal that the buyers want to take the EURUSD higher.
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 1.1100 and 1.1060 levels.