The euro has continued to drift lower against the US dollar during the European trading session as the pair fails to attract buying interest. The EURUSD pairs former monthly trading low, at 1.1160, is likely to come into focus if the 1.1181 support level is broken. Bulls need to move price above the 1.1200 and attack towards the 1.1230 level to change the heavy negative bias towards the pair.
The EURUSD pair bearish while trading below the 1.1200 level, key support is found at the 1.1181 and 1.1160 levels.
If the EURUSD pair trades above the 1.1200 level, bulls could test back towards the 1.1230 and 1.1248 levels.
