The euro has staged a marginal recovery against the US dollar, after the pair found technical support from the 1.0805 level on Monday. Going forward, the 1.0840 level is likely to act as a key trading pivot for the EURUSD throughout the course of the week. Losses under the 1.0840 level could prompt a decline towards the 1.0730 level, while up moves will likely extend back towards the 1.0860 level.
The EURUSD pair is only bullish while trading above the 1.0860 level, key resistance is found at the 1.0880 and 1.0960 levels.
The EURUSD pair is bearish while trading below the 1.0860 level, key support is found at the 1.0810 and 1.0730 levels.
