The euro has traded below the 1.1000 level against the US dollar for the first time this year as traders continue to buy the greenback. Going forward, a sustained break under the 1.0980 level could see the EURUSD pair sliding towards the 1.0950 support region. Traders that are bullish towards the EURUSD pair may look to enter at lower levels, especially if the 1.0980 level is breached.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.0980 and 1.0950 levels.
