EURUSD still dropping
The euro currency has continued to move lower against the US dollar during the European trading session as pair edges closer to the 1.1100 support level. The daily time frame chart is showing that the EURUSD pair has limited support until the 1.1010 level is the 1.1100 level is breached. Technical indicators across the daily time frame continue to signal further losses for the EURUSD.
The EURUSD pair is heavily bearish while trading below the 1.1135 level, key technical support is found at the 1.1100 and 1.1010 levels.
If the EURUSD pair trades above 1.1135 level, key intraday resistance is found at the 1.1155 and 1.1175 levels.