EURUSD breaking down
The euro currency has remained under against the US dollar during the European trading session, with the pair moving closer to the 1.0800 level. EURUSD sellers are increasingly likely to target the 1.0770 technical area if the 1.0800 support level is broken. Overall, a major bearish shift in the pair has now happened that could see the EURUSD pair falling back towards the current 2020 trading low.
The EURUSD pair is only bullish while trading above the 1.0880 level, key resistance is found at the 1.0930 and 1.0990 levels.
The EURUSD pair is only bearish while trading below the 1.0880 level. Key support is found at the 1.0800 and 1.0770 levels.