The euro has remained under pressure below the 1.1100 level against the greenback during the European trading session, as the pair struggles to move away from major weekly support. The EURUSD pair is likely to suffer from heavy technical selling if a decline below the 1.1065 level occurs today. Overall, the EURUSD pair has suffered a loss of bullish momentum and could decline towards the 1.1030 support level.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1065 and 1.1030 levels.
The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1150 and 1.1170 levels.
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