The euro currency remains under pressure against the US dollar at the start of the, following last Friday’s strong bearish reversal towards the 1.2100 support zone. The EURUSD pair is now making lower lows and lower highs across multiple time frames. Traders may use any price pullbacks towards the 1.2130 area this week as selling opportunity in expectation of more losses.
EURUSD pair is only bearish while trading below the 1.2130 level, key support is found at the 1.2080 and 1.2000 levels.
The EURUSD pair is only bullish while trading above the 1.2130 level, key resistance is found at the 1.2160 and 1.2190 levels.
