EURUSD 1.0980 in focus

The euro currency has started to push higher against the US dollar again, with the 1.0980 resistance level now starting to come into focus. The EURUSD has made a bullish double-bottom pattern this week, which is increasing buying interest towards the pair over the short and medium-term. Overall, a break above the 1.0980 level could easily start a wider rally in the pair towards the 1.1060 level.

• The EURUSD pair is only bullish while trading above the 1.0930 level, key resistance is found at the 1.0980 and 1.1060 levels. 

• The EURUSD pair is bearish while trading below the 1.0930 level, key support is found at the 1.0840 and 1.0770 levels.