EURUSD still vulnerable
The euro remains vulnerable to further losses against the greenback, as the pair fails to overcome the 1.0840 resistance area. Losses below the 1.0800 could provoke heavy technical short and medium-term technical selling towards the EURUSD pair. Cautious is advised, as bullish MACD price divergence is warning that EURUSD pair could suddenly recover towards the 1.1080 area.
The EURUSD pair is only bullish while trading above the 1.0930 level, key resistance is found at the 1.0990 and 1.1030 levels.
The EURUSD pair is bearish while trading below the 1.0930 level, key support is found at the 1.0800 and 1.0750 levels.