The euro currency has a neutral trading bias against the US dollar as the pair struggles to find a meaningful short and medium-tern trend. EURUSD bulls need to move price above the 1.0890 resistance level to encourage a breakout towards the current monthly high. EURUSD bears need to hold price below the 1.0770 level to force a bearish breakout towards the 1.0720 area.
The EURUSD pair is only bullish while trading above the 1.0890 level, key resistance is found at the 1.0990 and 1.1070 levels.
The EURUSD pair is only bearish while trading below the 1.0890 level. Key support is found at the 1.0770 and 1.0720 levels.
