The euro is falling back towards its current monthly trading low against the US dollar as the pair fails to rally on any positive news. The EURUSD monthly price close is coming into focus, with a monthly price close under the 1.1030 likely to set bearish precedence for next month. The prospect of additional policy support from the ECB in just under two-weeks time is causing buyers to disappear.
The EURUSD pair is heavily bearish while trading below the 1.1110 level, key support is found at the 1.1030 and 1.1000 levels.
If the EURUSD pair trades above the 1.1090 level, bulls may test back towards the 1.1110 and 1.1130 levels.
