The currency pair, which failed to hold above the 1.0740 resistance level on Friday, initiated an uptrend with a rebound from the 1.0670-1.0675 range.
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Following the release of US unemployment and growth data yesterday, the EUR/USD pair faced sharp selling pressure within the mentioned range of 1.0730-1.0740 but quickly rebounded.
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Ahead of today's US growth data release, the EURUSD pair opened the day on a positive note.
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Ahead of this week's growth and inflation data releases in the US, we've observed a roughly 90-pip rally in the EUR/USD pair following a correction from the weekly gap level in the dollar index.
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The pair is being monitored with the resistance zone at 1.0690/1.0700.
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The currency pair, previously supported at the mentioned level of 1.0600, has reached the trend resistance level of 1.0690.
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The EUR/USD pair found resistance at 1.0660 where the bearish outlook continues with the next target set at the 1.0500 area.
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The EUR/USD pair continues its rebound while the general trend is still bearish, with the next target set at the 1.0500 area.
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The EUR/USD showed a slight rebound today while the general trend was still bearish with the next target set at the 1.0500 area.
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