The euro currency is under pressure against the US dollar on Wednesday, following a bearish move below the 1.1110 technical level. A breakout below the 1.1065 support level could spark a deeper drop in the EURUSD pair towards the 1.1030 level. Overall, traders may use a technical pullback towards the 1.1000 level as an opportunity to build medium-term EURUSD long positions.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1065 and 1.1030 levels.
The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1150 and 1.1170 levels.
