EURUSD under pressure
The euro remains under downside pressure against the US dollar, with the pair slipping closer towards its short-term bearish objective. Weakness below the 1.1030 support level could see the EURUSD pair falling closer towards the psychological 1.1000 level. Overall, only a sustained break under the 1.1000 level would be a cause of concern for medium-term bulls.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1030 and 1.1000 levels.
The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1150 and 1.1170 levels.