EURUSD weakens further
The euro currency has continued to slide lower against the US dollar during the European trading session as bearish momentum accelerates to the downside. The EURUSD pair is approaching the 1.1050 level, although the 1.1000 level is the major technical benchmark to watch. Traders should also watch for signs of a double-bottom if the current 2019 trading low holds.
The EURUSD pair is heavily bearish while trading below the 1.1100 level, key support is found at the 1.1050 and 1.1000 levels.
If the EURUSD pair trades above the 1.1100 level, bulls may test towards the 1.1130 and 1.1146 levels