EURUSD still weak
The euro remains under pressure against the US dollar on Tuesday, with buyers failing to move price back above the 1.1100 level. A loss of the 1.1060 support level could provoke a deeper sell-off in the EURUSD pair towards the 1.1020 level at a minimum Going forward, a sharp rally back towards the 1.1130 level is needed to secure the EURUSD pair over the short-term horizon.
The EURUSD pair is only bullish while trading above the 1.1130 level, key resistance is found at the 1.1150 and 1.1200 levels.
The EURUSD pair is only bearish while trading below the 1.1130 level, key support is found at the 1.1060 and 1.1020 levels.