The euro currency is continuing to stage a major rally against the US dollar, with the pair now advancing towards the psychological 1.1000 resistance level. EURUSD buyers may be attempting to completely reverse the presence of MACD price divergence on the lower time frame. Traders should be aware that bullish MACD price divergence extends towards the 1.1060 area.
The EURUSD pair is only bullish while trading above the 1.0880 level, key resistance is found at the 1.1000 and 1.1060 levels.
The EURUSD pair is bearish while trading below the 1.0880 level, key support is found at the 1.0840 and 1.0777 levels.
