EURUSD on the ropes
The euro has come under increasing downside pressure during the European trading session against the US dollar, with the pair approaching the worst levels of 2020 so far. A break under the 1.1060 level exposes the EURUSD pair to a possible decline towards the 1.0990 level. Extended technical support is seen at the 1.1050 level, although this would be the final line-in-the sand for bulls.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1145 and 1.1170 levels.
The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1060 and 1.1020 levels.