The euro currency is appearing increasingly weak in the short-term against the US dollar as the pair struggles to encourage new buying demand. A loss of the 1.0840 level would be extremely negative for the EURUSD pair and may lead to losses towards the 1.0770 area. Bulls ideally need to anchor price above the 1.0970 level ahead of the upcoming weekly price close
The EURUSD pair is only bullish while trading above the 1.0900 level, key resistance is found at the 1.0980 and 1.1060 level.
The EURUSD pair is only bearish while trading below the 1.0900 level. Key support is found at the 1.0840 and 1.0770 levels.
