EURUSD testing lows
The euro currency has given back its earlier trading gains against the US dollar after being sold heavily from the 1.0950 technical region. If the EURUSD breaks the current yearly trading low then the pair could eventually fall towards the 1.0850 level. Overall, bulls need to move the EURUSD pair above the 1.1025 resistance level to negate intraday bear pressure.
The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0925 and 1.0850 levels.
The EURUSD pair is only bullish while trading above the 1.1025 level, key resistance is found at the 1.1050 and 1.1070 levels.