EURUSD 1.1110 in focus
The euro has continued to slip lower against the US dollar during the European trading session, following more weak monthly PMI data from the French and German economies. The 1.1110 support level will soon come into focus if we see a sustained break below the 1.1130 level. EURUSD bulls need weaker than expected PMI data from the United States later today to move price back above the 1.1160 level.
The EURUSD pair is heavily bearish while trading below the 1.1140 level, key support is found at the 1.1110 and 1.1050 levels.
If the EURUSD pair trades above the 1.1140 level, bulls could test back towards the 1.1160 and 1.1180 levels.