The euro is trading close to the worst levels of the week against the US dollar as traders await key macroeconomic data from the United States economy. A further bearish breakdown below the 1.1165 support level is likely to expose the EURUSD pair to losses towards the 1.1130 level. Technical indicators on the four-hour time frame continue to signal growing downside pressure.
The EURUSD pair is heavily bearish while below the 1.1165 level, key technical support is found at the 1.1130 and 1.1110 levels.
If the EURUSD pair moves above the 1.1190 level, key technical resistance is found at the 1.1216 and 1.1264 levels.
