EURUSD still a sell

The euro currency has moved to a new 2019 trading low against the US dollar after sellers forced a technical test of the 1.0900 support zone. The EURUSD has few fundamentals positives at the moments and the technical landscape is still very bearish while below the 1.1110 level. A continuation of EURUSD selling remains the most likely scenario, with the 1.0850 level the possible bearish target.

• The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0900 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.