The euro has come back under pressure against the greenback as the US dollar index advances to its highest level since June 2017. The EURUSD pair is heavily bearish while trading below the 1.1216 level, with the 1.1175 level critical support below. The bearish head and shoulders pattern on the four-hour time frame is showing that the EURUSD pair could fall towards the 1.1000 level.
The EURUSD pair is heavily bearish while trading below the 1.1216 level, key technical support remains at the 1.1175 and 1.1130 levels.
If the EURUSD pair trades above 1.1230 level, key intraday resistance is found at the 1.1250 and 1.1280 levels.
