EURUSD bulls fail to show up
The euro remains under pressure against the US dollar, despite the US Federal Reserve keeping rates unchanged and offering dovish policy guidance. EURUSD bulls have so far failed to show up, which means that the pair could continue to slip lower before a recovery begins. A break under the 1.0980 support level could see the EURUSD pair slipping towards the 1.0950 area.
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 1.0980 and 1.0950 levels.