The euro currency has started the new trading week under pressure against the US dollar, following a bearish weekly price close below the 1.0980 level. The 1.0900 support level is now the final line of defense for the EURUSD pair, with the 1.0840 and 1.0770 levels the next bearish target. Bulls ideally need to close the daily candle above the 1.0990 level to secure the EURUSD pairs medium-term prospects.
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 1.1090 level, key support is found at the 1.0900 and 1.0880 levels.
