The euro currency has started to stabilize above the 1.0900 level against the US dollar after the pair found strong resistance from the 1.0980 level. Technical analysis shows that repeated failure to move price above the 1.0980 resistance level will generate a bearish signal for the EURUSD. In the near-term, buyers remain in control while price trades above the 1.0940 level.
The EURUSD pair is only bullish while trading above the 1.0900 level, key resistance is found at the 1.0940 and 1.0980 levels.
The EURUSD pair is only bearish while trading below the 1.0900 level, key support is found at the 1.0800 and 1.0770 levels.
