The euro currency is starting rebound above the 1.2100 level against the US dollar, as the lines of communication between UK and EU Brexit officials still remains open. Failure to hold the EURUSD pair below the 1.2100 level has encouraged technical buyers. The EURUSD pair still has scope to advance above the 1.2200 level, despite market participants pricing in more economic stimulus from the ECB this week.
The EURUSD pair is only bearish while trading below the 1.2090 level, key support is found at the 1.1950 and 1.1800 levels.
The EURUSD pair is only bullish while trading above the 1.2090 level, key resistance is found at the 1.2180 and 1.2280 levels.
