EURUSD 1.1640 pivot

The euro currency is coming under early-week pressure against the US dollar, as the pair starts to weaken below the pivotal 1.1640 level. EURUSD sellers are now focused on breaking the technically important September swing-low, around the 1.1610 support level. The technical analysis highlights that the EURUSD pair could fall towards the 1.1530 area if the 1.1610 support level is broken.

• The EURUSD pair is only bearish while trading below the 1.1640 level, key support is found at the 1.1610 and 1.1530 levels.

•  The EURUSD pair is only bullish while trading above the 1.1640 level, key resistance is found at the 1.1690 and 1.1740 levels.