EURUSD 1.0840 pivot

The euro has staged a marginal recovery against the US dollar, after the pair found technical support from the 1.0805 level on Monday. Going forward, the 1.0840 level is likely to act as a key trading pivot for the EURUSD throughout the course of the week. Losses under the 1.0840 level could prompt a decline towards the 1.0730 level, while up moves will likely extend back towards the 1.0860 level. 

• The EURUSD pair is only bullish while trading above the 1.0860 level, key resistance is found at the 1.0880 and 1.0960 levels. 

• The EURUSD pair is bearish while trading below the 1.0860 level, key support is found at the 1.0810 and 1.0730 levels.