EURUSD buy the dip
The euro has moved under the 1.1000 level against the US dollar, although bulls quickly bought the dip below this key psychological level. A lack of interest to keep the EURUSD pair below the 1.1000 level could provoke a strong rebound back towards the 1.1100 level. The 1.0980 level is currently the key support level that EURUSD bears need to break to encourage heavy technical selling.
The EURUSD pair is bullish while trading above the 1.1050 level, key resistance remains at the 1.1090 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.0980 and 1.0960 levels.