The euro remains extremely weak against the US dollar, with the pair showing few signs of buying interest around current levels. Technical analysis is warning that a further decline towards the 1.0950 level could occur if the 1.1000 support level is broken. Continued gains above the 1.1120 resistance level are needed at this stage to secure the EURUSD pairs short-term prospects.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1120 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1000 and 1.0950 levels.
