The euro has started to recover from the 1.1000 support level against the US dollar during the European trading session, with the pair testing back towards the 1.1020 level. EURUSD buyers may be encouraged that a bullish double-bottom may now be in place. Overall, short-term EURUSD bulls need to close the daily candle back above the 1.1070 level to encourage fresh buying interest.
The EURUSD pair is only bullish while trading above the 1.1020 level, key resistance is found at the 1.1045 and 1.1070 levels.
The EURUSD pair is only bearish while trading below the 1.1020 level, key support is found at the 1.0990 and 1.0945 levels.
