EURUSD awaiting trade news
The euro currency has softened slightly against the greenback during the European trading session, as traders remain cautious about the outcome of ongoing Sino-US trade talks. Bulls still have the upper hand while trading above the 1.1000 level on an intraday basis. Overall, EURUSD dip-buying still remains the preferred strategy, with traders holding stop-losses around the 1.0950 area.
The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0950 and 1.0920 levels.
The EURUSD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.1030 and 1.1070 levels.