EURUSD TARGETING 1.1120 KEY

The euro currency has recovered back above the 1.1000 level against the US dollar after dip-buyers bought the pair from the 1.0960 level. Going forward, bulls may start to attack towards the 1.1120 level if they can force a breakout above the 1.1060 resistance level. A sustained loss of the 1.0960 technical area could see the EURUSD pair sold back towards the 1.0920 support level.

• The EURUSD pair is only bullish while trading above the 1.0960 level, key resistance is found at the 1.1060 and 1.1120 levels.

• The EURUSD pair is bearish while trading below the 1.0960 level, key support is found at the 1.0920 and 1.0880 levels.