The euro has staged a strong bound against the US dollar, following weak US economic data releases and the recent announcement of fresh trade tariffs. EURUSD bulls need to move price above the 1.1100 level to improve the daily sentiment towards the pair. Overall, a weekly price close back inside the EURUSD pairs former yearly range should be considered bullish.
The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1050 and 1.1020 levels.
If the EURUSD pair trades above the 1.1100 level, bulls could test back towards the 1.1125 and 1.1160 levels.
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