The euro currency is moving closer to the 1.0810 support level against the US dollar, with the pair looking set for its softest weekly price close since April 2017. Losses under the 1.0840 level should see the EURUSD pair testing towards the 1.0810 technical area. A sustained loss of the 1.0810 level could easily see the EURUSD pair suddenly dropping towards the 1.0770 support level.

The EURUSD pair is only bullish while trading above the 1.0930 level, key resistance is found at the 1.0990 and 1.1030 levels.

The EURUSD pair is bearish while trading below the 1.0930 level, key support is found at the 1.0840 and 1.0810 levels.

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