EURUSD 1.0950 is key
The euro currency is edging lower against the greenback as recent bullish momentum fades ahead of the release of the FOMC meeting minutes later today. EURUSD bulls need to maintain the pair above the 1.0950 level to encourage dip-buying this week. A loss of the 1.0950 support level could see the EURUSD pair quickly sold back towards its former weekly trading low.
The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.