EURUSD needs to bounce
The euro currency is moving towards critical support against the US dollar as the pair now approaches the 2019 yearly trading low. The EURUSD pair needs to bounce from current trading levels to avoid a steep decline towards the 1.0750 support area. Overall, watch out for a strong move higher in the EURUSD pair if bulls manage to defend the 1.0900 support area.
The EURUSD pair is only bullish while trading above the 1.0990 level, key resistance is found at the 1.1030 and 1.1060 levels.
The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0900 and 1.0880 levels.