The euro has seen a strong bearish move lower against the US dollar during the European trading session, following a move under the 1.1180 support level. EURUSD bulls need to defend the 1.1160 level or the pair could quickly drop towards the 1.1135 level. If bulls rally price back above the 1.1200 level, the EURUSD pair is likely to test towards its former weekly trading high, close to the 1.1250 level.
The EURUSD pair is only bearish while trading below the 1.1180 level, key support is found at the 1.1160 and 1.1135 levels.
If the EURUSD pair trades above the 1.1180 level, bulls may test towards the 1.1248 and 1.1290 levels.
