EUR/USD Hovers Around 1.08 Amid US Dollar Strength

EUR/USD is hovering around 1.08 in the Asian session today. The pair remains under pressure because of the US Dollar Index (DXY) upward movement with the strong US data. In other words, the Fed-ECB divergence leads the pair to find direction.

Technically, the 1.0800 level is still a critical level. A break below that level, 1.0745/50 could be a possible support area. On the upside, the first resistance level meets at 1.0850 level. Then, the May high level 1.0895 can be followed.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.0940	1.0895	1.0850	1.0800	1.0750	1.0725