EURUSD major trendline resistance
The euro currency is still holding onto its recent gains against the greenback, as the pair attempts to break its multi-month losing streak. The lower time frames are currently showing that the EURUSD pair faces major trendline resistance around the 1.1025 level this week. Overall, EURUSD buyers still have the upper hand while the price continues to trade above the pivotal 1.0950 level.
• The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
• The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
• The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
• The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
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