The euro currency is starting to appear more bullish against the US dollar as selling interest below the 1.0800 level appears fairly week. Bulls could stage a strong recovery towards the 1.0980 level if they start to gain traction above the 1.0840 resistance level. To the downside, a sustained loss of the 1.0710 level may make it difficult for the EURUSD pair to recover higher.
The EURUSD pair is only bullish while trading above the 1.0980 level, key resistance is found at the 1.1060 and 1.1170 levels.
The EURUSD pair is bearish while trading below the 1.0980 level, key support is found at the 1.0775 and 1.0710 levels.
