The euro currency is coming under early-week pressure against the US dollar, as the pair starts to weaken below the pivotal 1.1640 level. EURUSD sellers are now focused on breaking the technically important September swing-low, around the 1.1610 support level. The technical analysis highlights that the EURUSD pair could fall towards the 1.1530 area if the 1.1610 support level is broken.
The EURUSD pair is only bearish while trading below the 1.1640 level, key support is found at the 1.1610 and 1.1530 levels.
The EURUSD pair is only bullish while trading above the 1.1640 level, key resistance is found at the 1.1690 and 1.1740 levels.
