EURUSD 1.0700 possible
The euro continues to move to the downside against the greenback as the US dollar index rallies to a fresh 2020 trading high. Going forward, a break under the 1.0810 level exposes the EURUSD pair to more selling towards the 1.0700 support area. Overall, a bearish head and shoulders pattern is currently in play, with the overall bearish target located around the 1.0700 level.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1130 and 1.1170 levels.
The EURUSD pair is bearish while trading below the 1.1100 level, key support is found at the 1.0810 and 1.0700 levels.