The euro has reversed sharply against the US dollar after the pair failed to move past the technically important 1.0880 resistance area. EURUSD bears may target towards the 1.0770 level is they can hold price below the key 1.0800 support level. It is worth noting that the 1.0650 level is likely to be the wider goal for EURUSD bears if price manages to hold under the 1.0710 level.
The EURUSD pair is only bullish while trading above the 1.0880 level, key resistance is found at the 1.0940 and 1.0990 level.
The EURUSD pair is only bearish while trading below the 1.0880 level. Key support is found at the 1.0770 and 1.0710 levels.
