The euro has broken key technical support against the US dollar as the greenback receives a boost from safe-haven buying due to the overall risk-off mood on Friday. Now that the 1.1170 level has been broken the EURUSD pair could decline towards the 1.1100 support level before recovering. Interim technical support for the EURUSD pair is located at the 1.1130 and 1.1110 levels.
The EURUSD pair is only bullish while trading above the 1.1170 level, key resistance is found at the 1.1240 and 1.1260 levels.
The EURUSD pair is bearish while trading below the 1.1170 level, key support is found at the 1.1130 and 1.1100 levels.
