OctaFX_Official

EURUSD 1.1110 major resistance

FX:EURUSD   Euro / U.S. Dollar
The euro has started to firm test towards the 1.1100 level against the greenback as expected, following another round of weakness in the US dollar index . Buyers now need to rally the EURUSD pair above the 1.1110 resistance level to provoke a major technical breakout. Overall, buying any dips lower in the EURUSD pair appears to be the best option while the US dollar remains weak.

• The EURUSD pair is only bullish while trading above the 1.1075 level, key resistance is found at the 1.1110 and 1.1180 levels.
• The EURUSD pair is only bearish while trading below the 1.1075 level, key support is found at the 1.1060 and 1.1045 levels.
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