The euro has remained under heavy downside pressure against the US dollar during the European trading session, with the pair falling to a new 2019 trading low. The 1.0880 level is a potential bounce spot, although the 1.0850 level offers stronger technical support. Overall, additional EURUSD weakness should be expected if price starts to hold below the 1.0880 technical area.
The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0850 and 1.0810 levels.
The EURUSD pair is only bullish while trading above the 1.1025 level, key resistance is found at the 1.1070 and 1.1110 levels.
