The euro has fallen to its weakest level against the US dollar since October 2019 as the pair continues to slump below the 1.1000 level. A sustained break under the 1.0940 level could see the EURUSD pair testing the 1.0900 support level. Traders that are bullish towards the EURUSD may look to buy the pair around the 1.0900 in anticipation of a recovery back towards the 1.1100 level.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1120 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.0940 and 1.0900 levels.
