The euro has continued to edge lower against the US dollar during the European trading session, with the pair now testing critical technical support. The 1.1135 level currently offers the strongest form of technical support before the yearly price low comes into focus once again. Technical indicators across the four-hour time frame suggest that the EURUSD pair will continue to decline.
The EURUSD pair is heavily bearish while trading below the 1.1164 level, key technical support is found at the 1.1135 and 1.1110 levels.
If the EURUSD pair moves above the 1.1190 level, key technical resistance remains at the 1.1216 and 1.1250 levels.
