EURUSD consolidates around 1.1200

The euro is trading the 1.1200 level against the US dollar, although the pace of recent upside gains is starting to slow. EURUSD bulls face upcoming technical resistance from the 1.1220 and 1.1260 levels if the rally continues. Failure to hold price above the 1.1200 level could lead to one more decline back towards the 1.1110 level, although it may quickly attract dip-buyers.

• The EURUSD pair is only bullish while trading above the 1.1150 level, key resistance is found at the 1.1220 and 1.1260 levels. 

• The EURUSD pair is only bearish while trading below the 1.1150 level, key support is found at the 1.1130 and 1.1110 levels.