The euro currency continues to hold the 1.0900 support level against, further increasing the chances of a major technical bounce. Bullish MACD price divergence is warning that a correction towards the 1.1060 resistance level could soon take place. A sustained break under the 1.0880 support level would negate any chances of a strong recovery upside in the EURUSD pair.
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.
