EURUSD testing above 1.1130

The euro currency is testing above the 1.1130 level against the US dollar as the recent recovery above the 1.1100 level gathers pace. Failure to hold onto gains above the 1.1130 level may see the EURUSD pair pushed back towards the 1.1100 level. Gains above the 1.1150 level could see EURUSD bulls testing towards the 1.1200 technical region.

• The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1150 and 1.1200 levels. 

• The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1090 and 1.1060 levels.