EURUSD breaks support
The euro currency briefly fell below the 1.0900 level against the US dollar after the release of negative retail sales data from the US economy. The EURUSD pair has since recovered above the 1.0900 level and may now start to rally back towards the best level of the week. Bulls need to break above the 1.0980 resistance level to keep the upside momentum going this week.
The EURUSD pair is only bullish while trading above the 1.0900 level, key resistance is found at the 1.0980 and 1.1060 level.
The EURUSD pair is only bearish while trading below the 1.0900 level. Key support is found at the 1.0880 and 1.0840 levels.