EURUSD INCREASINGLY BULLISH

The euro is holding firm above the 1.1145 level against the US dollar, which indicates that buyers could soon test towards the 1.1200 resistance level. EURUSD sellers are likely to be sidelined until a confirmed breakout under the 1.1100 support level occurs. Overall, watch out for a continuation of the recent recovery, with bulls targeting the 1.1200 and 1.1240 resistance levels.

• The EURUSD pair is only bullish while trading above the 1.1145 level, key resistance is found at the 1.1170 and 1.1200 levels.

• The EURUSD pair is only bearish while trading below the 1.1145 level, key support is found at the 1.1080 and 1.1060 levels.