EURUSD bulls retreat
The euro currency has slumped to a fresh 2020 trading low against the US dollar as the greenback continues to benefit from safe-haven demand. A break under the 1.0980 level could see the EURUSD pair sliding towards the 1.0950 support level this week. Only a sustained move above the 1.1060 level would encourage bulls to test back towards the technically important 1.1100 resistance level.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1000 and 1.0980 levels.