The euro has broken the 1.0800 support level against the US dollar, opening-up the potential for further heavy downside in the pair. Upcoming bearish near-term targets for the EURUSD pair are currently located at the 1.0750 and 1.0710 support levels. EURUSD bulls need to close the daily candle above the 1.0880 level to encourage the notion that a technical bottom has been formed.
The EURUSD pair is only bullish while trading above the 1.0880 level, key resistance is found at the 1.0930 and 1.0990 levels.
The EURUSD pair is bearish while trading below the 1.0880 level, key support is found at the 1.0750 and 1.0710 levels.
