The euro is starting to recover higher against the US dollar as the greenback comes under widespread selling pressure on Friday. EURUSD bulls need to move price above the 1.1060 level to increase the chances that a recovery in the pair has finally started. Overall, the monthly price close for the EURUSD pair will be extremely important and will place additional emphasis on the December monthly low.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.0980 and 1.0950 levels.
