EURUSD moment of truth
The euro is holding above the 1.1000 level against the US dollar in early Friday trade, although the pair is struggling to move past the 1.1030 resistance level. The EURUSD pair faces a moment of truth, with sellers poised to move if the 1.1000 support level is broken. Overall, buyers are still in control while the EURUSD pair starts to stabilize above the psychological 1.1000 level.
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.