The euro remains under downside pressure against the US dollar as Friday’s major sell-off extends into the new trading week. The 1.0900 level offers the only notable form of trendline support if the 1.0960 level is broken with conviction. Looking further below the 1.0900 level, the 1.0880 and 1.0840 are the main weekly support areas.
The EURUSD pair is heavily bearish while trading below the 1.0960 level, key support is found at the 1.0900 and 1.0880 levels.
If the EURUSD pair trades above the 1.0960 level, bulls may test back towards the 1.0990 and 1.1026 levels.
