The euro is trading under pressure against the US dollar on Tuesday, following repeated attempts to break under the current monthly trading low. If the 1.1060 support level continues to hold firm the EURUSD pair has a chance of recovering towards the 1.1170 level. A bearish break under the 1.1060 support level could see the EURUSD pair falling sharply lower this week.
The EURUSD pair is only bullish while trading above the 1.1100 level, key resistance is found at the 1.1145 and 1.1170 levels.
The EURUSD pair is only bearish while trading below the 1.1100 level, key support is found at the 1.1060 and 1.1020 levels.
