The euro currency is holding on to recent gains against the US dollar, following the release of Meeting Minutes from the last FOMC meeting. A breakout above the 1.0980 level could prompt a quick rally in the EURUSD pair towards the 1.1060 level. Looking at the medium-term outlook for the EURUSD pair bulls may test towards the recent swing-high, around the 1.1130 level.
The EURUSD pair is only bullish while trading above the 1.0900 level, key resistance is found at the 1.0980 and 1.1060 levels.
The EURUSD pair is bearish while trading below the 1.0900 level, key support is found at the 1.0820 and 1.0770 levels.
