The euro currency has moved away from the psychological 1.1000 level against the US dollar, placing the emphasis on the 1.1045 technical region. Going forward, a sustained move above the 1.1060 level would confirm that a second important technical bottom is now in place. The 1.1180 level remains the overall upside objective for the EURUSD pair over the medium-term horizon.
• The EURUSD pair is only bullish while trading above the 1.1046 level, key resistance is found at the 1.1060 and 1.1100 levels.
• The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1020 and 1.1000 levels.
• The EURUSD pair is only bullish while trading above the 1.1046 level, key resistance is found at the 1.1060 and 1.1100 levels.
• The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1020 and 1.1000 levels.
