EURUSD awaiting US data
The euro currency is under slight downside pressure against the US dollar after failing to move above the 1.0970 resistance level on Monday. Buyers need to defend the 1.0880 support level to avoid the EURUSD pair slipping back towards the 1.0840 level this week. EURUSD bulls may look to target the 1.1060 to 1.1075 technical area if they can overcome the 1.0970 level this week.
The EURUSD pair is only bullish while trading above the 1.0930 level, key resistance is found at the 1.0970 and 1.1060 levels.
The EURUSD pair is bearish while trading below the 1.0930 level, key support is found at the 1.0880 and 1.0840 levels.