The euro currency is under pressure against the US dollar on Wednesday after the pair failed to find buying interest above the pivotal 1.1190 level. A bearish head and shoulders pattern is now evident across the one-hour time frame, with the EURUSD pair slipping towards neckline support. Key technical support for EURUSD below the 1.1165 level is now found at the 1.1130 level.
The EURUSD pair is heavily bearish while trading below the 1.1165 level, key technical support is now found at the 1.1130 and 1.1110 levels.
If the EURUSD pair trades above the 1.1165 level, key technical resistance is found at the 1.1190 and 1.1235 levels.
