EURUSD targeting 1.0900
The euro currency is starting to attract buyers against the US dollar as the pair rallies away from the 1.0800 technical support area. EURUSD bulls need to move price above the 1.0900 level to encourage short and medium-term bulls to join in the recovery. At this stage, a sustained loss of the important 1.0830 technical level could see the EURUSD pair quickly testing the 1.0770 support level.
The EURUSD pair is only bullish while trading above the 1.0880 level, key resistance is found at the 1.0930 and 1.0990 level.
The EURUSD pair is only bearish while trading below the 1.0880 level. Key support is found at the 1.0800 and 1.0770 levels.