EURUSD downside risks grow
The euro remains under pressure against the greenback on Wednesday as the pair struggles to attract buying demand above the 1.1060 level. With demand for the pair waning, the EURUSD is now at a serious risk of declining back towards the 1.1000 support level. Traders that are bearish towards the EURUSD pair will attempt to sell a breakout below the 1.1000 support level.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1120 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1000 and 1.0980 levels.