The euro continues to enjoy strong buying interest against the US dollar, with the pair trading around the best levels of the week so far. According to technical analysis for the daily time frame, the 1.1110 level is currently the weekly bullish target for EURUSD bulls. Only a sustained loss of the 1.0990 support level will turn the intraday sentiment towards the EURUSD pair bearish.
• The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0940 and 1.0920 levels.
• The EURUSD pair is bullish while trading above the 1.0990 level, key resistance is found at the 1.1110 and 1.1160 levels.
• The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0940 and 1.0920 levels.
• The EURUSD pair is bullish while trading above the 1.0990 level, key resistance is found at the 1.1110 and 1.1160 levels.
