EURUSD defending support
The euro is attempting to move away from the 1.0900 level against the US dollar as bulls continue to defend critical technical support. If the EURUSD pair continues to hold critical technical support a rally towards the 1.0990 level should be expected. A sustained loss of the 1.0900 level could lead to a strong down move in the EURUSD pair towards the 1.0840 support area.
The EURUSD pair is only bullish while trading above the 1.0990 level, key resistance is found at the 1.1030 and 1.1060 levels.
The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0880 and 1.0840 levels.