EURUSD 1.0890 breakout required

The euro currency has a neutral trading bias against the US dollar as the pair struggles to find a meaningful short and medium-tern trend. EURUSD bulls need to move price above the 1.0890 resistance level to encourage a breakout towards the current monthly high. EURUSD bears need to hold price below the 1.0770 level to force a bearish breakout towards the 1.0720 area.

• The EURUSD pair is only bullish while trading above the 1.0890 level, key resistance is found at the 1.0990 and 1.1070 levels.

• The EURUSD pair is only bearish while trading below the 1.0890 level. Key support is found at the 1.0770 and 1.0720 levels.