The euro is once again turning lower against the US dollar, with the pair looking increasingly likely to test the 1.0800 support level. A break of the 1.0800 level could see the EURUSD pair quickly coming under downside pressure towards the 1.0700 level. If bulls defend the 1.0800 level the EURUSD pair will likely move back towards the 1.0880 level.

The EURUSD pair is only bullish while trading above the 1.0880 level, key resistance is found at the 1.0930 and 1.0990 levels.

The EURUSD pair is bearish while trading below the 1.0880 level, key support is found at the 1.0800 and 1.0700 levels.

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