EURUSD approaching resistance

The euro currency has continued to rally against the US dollar during the European trading session as the greenback comes under selling pressure across the board. EURUSD buyers are now increasingly likely to test towards the 1.0980 to 1.0990 resistance level. The daily time frame currently shows that a valid technical breakout from a large triangle pattern is now in play.

• The EURUSD pair is only bullish while trading above the 1.0930 level, key resistance is found at the 1.0980 and 1.1060 levels. 

• The EURUSD pair is bearish while trading below the 1.0930 level, key support is found at the 1.0840 and 1.0770 levels.