EURUSD recovery is still possible

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The euro currency continues to maintain the support level at 1.0900, which increases the chances of a major technical bounce. The bullish bias of the MACD is warning that a correction towards the 1.1060 resistance level may occur soon. A continuous break below the 1.0880 support level would negate any chances of a strong rebound in the EURUSD.

The EURUSD pair is only bullish and while it is trading above the 1.0990 level, the main resistance is located at 1.1030 and 1.1060.

EURUSD is only bearish while trading below 1.0990, the main support is at 1.0880 and 1.0840.

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EURUSD recovery is still possible

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