The euro has fallen to a new weekly trading low against the US dollar during the European trading session as the bearish head and shoulders pattern continues to weigh on the pair. The intraday decline has so far reached the 1.1150 level, which now becomes key breakout support. The 1.1130 level will likely come into focus if sellers force price under the 1.1150 support level.
The EURUSD pair is heavily bearish while trading below the 1.1165 level, key technical support is now found at the 1.1150 and 1.1130 levels.
If the EURUSD pair trades above the 1.1165 level, key technical resistance is found at the 1.1190 and 1.1215 levels.
