The EUR/USD pair has encountered resistance at 1.1201, failing to break above this level and pulling back from 1.1188 to 1.1068. This decline is likely a correction within the uptrend that started from 1.1001, suggesting that another attempt to rise and test the 1.1201 resistance may occur following this correction.
Initial resistance is at 1.1110. A breakout above this level could pave the way for a rise to the next resistance at the 1.1145 area, followed by the previous high at 1.1201.
On the downside, initial support is positioned at 1.1068. A breakdown below this level could send the price toward the 1.1000 support area.
Traders should pay close attention to these levels as market dynamics develop.