The euro currency has started the week under pressure against the US dollar, following a heavy rejection from the 1.1250 level last week. Technical analysis shows that a sustained breakout under 1.1150 area could cause the EURUSD to fall towards the 1.1000 level. EURUSD bulls may look to buy the pair at a more attractive price if the pair does drop towards the 1.1000 support area.
The EURUSD pair is only bullish while trading above the 1.1240 level, key resistance is found at the 1.1300 and 1.1350 levels.
The EURUSD pair is only bearish while trading below the 1.1240 level, key support is found at the 1.1150 and 1.1060 levels.
