EURUSD recovery possible
The euro is holding firm against the US dollar on Monday, following a minor bullish rally after the releases of the US monthly jobs report. The EURUSD recently held key support around the 1.1085 level, which indicates that bulls may want to take the pair higher. If key support continues to be defended watch out for a strong bullish move to take place towards the 1.1200 level.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1170 and 1.1200 levels.
The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1080 and 1.1060 levels.