The euro currency remains well-supported on pullbacks against the US dollar, following a short-lived dip towards the 1.0950 support area. A bullish reversal pattern on the lower time frames is warning of a strong advance in the EURUSD pair towards the 1.1100 technical area. Traders should note that the bullish reversal pattern remains valid while price trades above the 1.0875 level.
The EURUSD pair is only bullish while trading above the 1.0935 level, key resistance is found at the 1.1010 and 1.1070 levels.
The EURUSD pair is only bearish while trading below the 1.0935 level, key support is found at the 1.0915 and 1.0900 levels.