The euro currency has started the new trading week under downside pressure against the US dollar, following last Friday’s reversal back towards the 1.0900 handle. Continued losses below the 1.0900 level could prompt a technical test of the 1.0865 level. Traders should note that the EURUSD pair has been created bullish higher highs and lower lows on the weekly time frame lately.
The EURUSD pair is only bullish while trading above the 1.0935 level, key resistance is found at the 1.1000 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.0935 level, key support is found at the 1.0865 and 1.0800 levels.
