The euro has moved lower against the US dollar during the European trading session after bulls failed to gain traction above the 1.0860 level. EURUSD bulls need to stage an urgent recovery back towards the 1.0860 level to avoid a test of the 1.0777 level. The EURUSD pair has the potential to slide towards the 1.0730 level if the 1.0810 support level is breached.
The EURUSD pair is only bullish while trading above the 1.0860 level, key resistance is found at the 1.0880 and 1.0960 levels.
The EURUSD pair is bearish while trading below the 1.0860 level, key support is found at the 1.0810 and 1.0777 levels.
