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.