The euro currency is moving sharply higher against the US dollar, with the pair now trading back above the 1.0900 resistance level. EURUSD bulls may start to target the 1.0940 level if they can continue to hold price above the 1.0900 support level. Overall, sellers need to be cautious as bullish MACD price divergence extends towards the 1.1060 technical area.
The EURUSD pair is only bullish while trading above the 1.0860 level, key resistance is found at the 1.0940 and 1.0980 levels.
The EURUSD pair is bearish while trading below the 1.0860 level, key support is found at the 1.0810 and 1.0777 levels.
