The euro currency has rebounded higher against the US dollar after the US Federal Reserve announced more stimulus measures on Monday. The EURUSD pair has a short-term bullish bias while trading above the pivotal 1.0780 level. Looking at possible upside target for the EURUSD pair, bulls may target the 1.1000 level next and then the 1.1130 technical area.
The EURUSD pair is only bullish while trading above the 1.0780 level, key resistance is found at the 1.1000 and 1.1130 levels.
The EURUSD pair is bearish while trading below the 1.0780 level, key support is found at the 1.0700 and 1.0650 levels.
