EURUSD major move coming

The euro currency is still testing towards the 1.0900 level against the US dollar, as the pair prepares for a major directional move. Bullish MACD price divergence is warning that a strong upside recovery towards the 1.1080 level may soon occur. A breakout above the 1.0930 level should see the EURUSD pair rallying sharply towards the 1.0990 resistance level.

• 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.