EURUSD 1.1200 rejection

The euro has been strongly rejected from 1.1230 technical area against the US dollar as traders remain in risk-off mode as stocks continue to crash. The EURUSD pair could weaken towards the 1.0900 technical area if sellers gain traction below the 1.1100 level. Overall, bulls need to stage a daily price close above the 1.1170 level to encourage the next round of EURUSD buying.

• The EURUSD pair is only bullish while trading above the 1.1170 level, key resistance is found at the 1.1230 and 1.1350 levels. 

• The EURUSD pair is bearish while trading below the 1.1170 level, key support is found at the 1.1100 and 1.0910 levels.