EURUSD Brexit bounce
The euro currency has received a much-needed boost against the US dollar, following the release of bullish Brexit news of Tuesday. The EURUSD pair has reversed from the 1.0990 technical area and may start to target the 1.1070 resistance area if bulls can maintain the advance. Overall, the EURUSD pair has recently become a strong buy on any short-term technical pullbacks.
The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0940 and 1.0920 levels.
The EURUSD pair is bullish while trading above the 1.0990 level, key resistance is found at the 1.1070 and 1.1110 levels.