EURUSD turns heavily bearish
The euro currency is under heavy downside pressure against the US dollar after sellers broke through the 1.0900 support level. The EURUSD pair is now trading at its weakest level in over two years and is vulnerable to further losses towards the 1.0840 level. Only a daily price close above the 1.0930 resistance level would encourage short-term EURUSD traders to turn bullish.
The EURUSD pair is only bullish while trading above the 1.0930 level, key resistance is found at the 1.0990 and 1.1030 levels.
The EURUSD pair is bearish while trading below the 1.0930 level, key support is found at the 1.0870 and 1.0840 levels.