The euro has come under further selling pressure against the US dollar, with the pair moving to a fresh monthly trading low below the 1.1300 level. If sellers can break the 1.1275 level, the next major support zone to watch is the key 1.1230 technical area. Traders should note that the MACD and RSI indicators on the four-hour time frame are starting to approach oversold territory.
The EURUSD pair is heavily bearish while trading below the 1.1300 level, key support is found at the 1.1275 and 1.1230 levels.
If the EURUSD pair trades above the 1.1337 level, key technical resistance is found at the 1.1370 and 1.1390 levels.
