EURUSD resistance holds
The euro currency has pulled back from the best levels of the week against the US dollar after buyers failed to break past the 1.0890 resistance level. Continued upside failure before the 1.0890 level could see the EURUSD pair fall back towards the 1.0800 area. In case a bullish breakout above the 1.0890 level occurs, the EURUSD pair is then expected to rally towards 1.0990 to 1.1000 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 1.0800 and 1.0770 levels.