The euro currency has fallen below the 1.1150 level against the US dollar, placing further downside in the pair back into focus. Sustained weakness below the 1.1150 level for the EURUSD pair is likely to prompt a stronger decline back towards the 1.1070 support level. Caution is still warranted, as buyers could still force a technical test of the 1.1210 level if the 1.1110 level is defended.
• The EURUSD pair is only bearish while trading below the 1.1150 level, key support is found at the 1.1110 and 1.1070 levels.
• The EURUSD pair is only bullish while trading above the 1.1150 level, key resistance is found at the 1.1180 and 1.1210 levels.
• The EURUSD pair is only bearish while trading below the 1.1150 level, key support is found at the 1.1110 and 1.1070 levels.
• The EURUSD pair is only bullish while trading above the 1.1150 level, key resistance is found at the 1.1180 and 1.1210 levels.
