The euro is back under pressure against the US dollar, as buying interest above the 1.0800 level still appears extremely weak. A sustained breakout below the 1.0784 level should see the EURUSD pair sliding towards the 1.0750 technical area. Overall, traders are likely to sell any rallies in the EURUSD until the pair starts to stabilize above the 1.0880 level.
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.
