The euro has staged a strong pullback against the US dollar after the pair fell through the technically important 1.1060 level. The EURUSD pair will need to quickly recover above the 1.1060 level to avoid a stepper sell-off towards the 1.0900 support area. Overall, the 1.0900 support level is the next major technical support area for the EURUSD pair below the 1.0980 level.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1130 and 1.1170 levels.
The EURUSD pair is bearish while trading below the 1.1060 level, key support is found at the 1.0980 and 1.0900 levels.
