The euro currency has remained under pressure against the greenback during the European trading session, following the recent bearish range break below the 1.1165 level. Continued weakness below the 1.1165 level will likely prompt a technical test of the 1.1110 support level. The bearish pattern on the daily time frame is highlighting the 1.1060 level as a potential weekly downside target.
The EURUSD pair is heavily bearish while below the 1.1165 level, key technical support is found at the 1.1110 and 1.1060 levels.
If the EURUSD pair moves above the 1.1165 level, key technical resistance is found at the 1.1190 and 1.1234 levels.