The euro currency has a neutral short-term bias against the US dollar, following last week’s price close around the 1.0870 technical area. The EURUSD pair could recover back towards the 1.0990 technical area if bulls closer the daily candle above the 1.0930 level. To the downside, a daily close below the 1.0840 level could encourage EURUSD selling towards the 1.0770 area.
The EURUSD pair is only bullish while trading above the 1.0900 level, key resistance is found at the 1.0990 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.
