The euro currency is under pressure against the US dollar, following the recent bearish range breakout under the 1.1100 support level. Technical analysis shows that the 1.1060 level is the key pivot point to watch this week and the gateway area for additional losses. If EURUSD buyers defend the 1.1060 support level the pair could easily bounce back towards the 1.1150 level this week.
- The EURUSD pair is only bullish while trading above the 1.1130 level, key resistance is found at the 1.1150 and 1.1200 levels.
- The EURUSD pair is only bearish while trading below the 1.1130 level, key support is found at the 1.1060 and 1.1020 levels.
