The euro currency has staged a minor reversal against the US dollar after the pair failed to rally above the 1.1000 level during yesterday’s ECB meeting. EURUSD bulls need to maintain price above the 1.0935 level to encourage the next major test towards the 1.1000 level. If bulls can break past the 1.1000 resistance level then the EURUSD pair could start to surge towards the 1.1130 area.
The EURUSD pair is only bullish while trading above the 1.0935 level, key resistance is found at the 1.1000 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.0935 level, key support is found at the 1.0840 and 1.0770 levels.
