EURUSD Still Searching

The euro currency is still searching for direction against the US dollar as bulls and bear continue to battle for control of the pair under the 1.1100 level. EURUSD buyers will likely look for the 1.1060 level to hold to confirm that selling pressure is weakening. EURUSD sellers will look for continued weakness under the 1.1060 level to sell the pair in hope of further losses towards the 1.1020 support region.

• The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1130 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.