EURUSD downside failure
The euro currency has moved to the upside against the US dollar after sellers once again failed to move past the 1.0800 support area. The EURUSD pair could now start to rally towards the 1.0940 and possibly the 1.0980 technical areas. Bulls need to hold the EURUSD pair above the 1.0860 level to convince traders that the breakout is genuine.
The EURUSD pair is only bullish while trading above the 1.0860 level, key resistance is found at the 1.0940 and 1.0980 levels.
The EURUSD pair is bearish while trading below the 1.0860 level, key support is found at the 1.0810 and 1.0777 levels.