EURUSD still a buy
The euro currency is holding above the 1.1000 level against the US dollar in early Tuesday trade, as selling momentum in the EURUSD pair starts to fade. EURUSD bulls may use any pullbacks towards the 1.1000 level as a buying opportunity. EURUSD buyers now need to force price above the 1.1044 level in order to encourage a technical test of the 1.1070 resistance level.
• The EURUSD pair is only bearish while trading below the 1.0980 level, key support is found at the 1.0950 and 1.0920 levels.
• The EURUSD pair is bullish while trading above the 1.0980 level, key resistance is found at the 1.1044 and 1.1070 levels.
• The EURUSD pair is only bearish while trading below the 1.0980 level, key support is found at the 1.0950 and 1.0920 levels.
• The EURUSD pair is bullish while trading above the 1.0980 level, key resistance is found at the 1.1044 and 1.1070 levels.
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