The euro currency is still testing towards the 1.0900 level against the US dollar, as the pair prepares for a major directional move. Bullish MACD price divergence is warning that a strong upside recovery towards the 1.1080 level may soon occur. A breakout above the 1.0930 level should see the EURUSD pair rallying sharply towards the 1.0990 resistance level.
The EURUSD pair is only bullish while trading above the 1.0990 level, key resistance is found at the 1.1030 and 1.1060 levels.
The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0880 and 1.0840 levels.
