The euro is holding onto its recent gains against the US dollar, although buyers are still struggling with the important 1.1044 level. If buyers hold price above the 1.1044 level the EURUSD pair should advance towards the 1.1070 resistance level later today. A bearish rejection from the 1.1044 level may prompt EURUSD sellers to push the pair back towards the 1.0990 support level.
The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0940 and 1.0920 levels.
The EURUSD pair is bullish while trading above the 1.0990 level, key resistance is found at the 1.1044 and 1.1070 levels.
