EURUSD watching the range
The euro currency has failed to break above the 1.1100 level against the US dollar, making the pair vulnerable to further short-term selling. The next strong directional move in the EURUSD pair should take place once the 1.1060 to 1.1100 price range is broken. Watch out for a potential decline in the EURUSD pair towards the 1.1020 support region if the 1.1060 level is broken.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.110 and 1.1150 levels.
The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1060 and 1.1020 levels.