The euro remains under downside pressure against the US dollar, with the pair so far finding technical support from just above the 1.1000 level. A sustained breach of the 1.1000 support level should see the EURUSD pair sold towards the key 1.0980 level. At this stage, bulls need to close to the daily candle back above the 1.1060 level to encourage short-term EURUSD buying.

The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1130 levels.

The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.1000 and 1.0980 levels

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