The euro currency is rallying against the US dollar, as the greenback comes under pressure on the first full trading day after long Bank Holiday. EURUSD bulls could start to target the 1.1000 resistance level if they can anchor price above the 1.0935 technical area. Technical analysis shows that a breakout above the 1.1000 area could cause the EURUSD pair to advance towards the 1.1070 level.
The EURUSD pair is only bullish while trading above the 1.0935 level, key resistance is found at the 1.1000 and 1.1070 levels.
The EURUSD pair is only bearish while trading below the 1.0935 level, key support is found at the 1.0900 and 1.0865 levels.
