EURUSD recovery on track
The euro currency has started to recover against the US dollar during the European trading session, following a bullish breakout above the 1.0840 resistance level. The EURUSD pair could start to test towards the 1.0980 level if the 1.0900 resistance level is broken. Sustained losses below the 1.0840 level could prompt a decline back towards the 1.0800 support level.
The EURUSD pair is only bullish while trading above the 1.0980 level, key resistance is found at the 1.1060 and 1.1170 levels.
The EURUSD pair is bearish while trading below the 1.0980 level, key support is found at the 1.0800 and 1.0770 levels.