The EURUSD continues to recover for the second day in a row, immediate support comes at the 1.0994 levels while resistance comes at the 1.1015 levels.
On the upside, a failure to hold below the key support 1.0994 on an hourly closing basis will keep pushing towards the 1.1015 levels, a clear break would open 1.1050 next, further upside, resistance comes at the 1.1090 levels, with a break above here paving the way towards the 1.1135 levels.
On the downside, a failure to hold gains above the 1.1015 levels on an hourly closing basis could mean a return to the key support 1.1094 levels, a cut through this level on an hourly closing basis will expose the 1.0966 levels and open 1.0935 next, further down, support comes at the 1.0895 levels.
Conclusion: The EURUSD continues to face upside threats in the short term views with stability above the 1.0994 levels on an hourly closing basis…
