The euro has been strongly rejected from 1.1230 technical area against the US dollar as traders remain in risk-off mode as stocks continue to crash. The EURUSD pair could weaken towards the 1.0900 technical area if sellers gain traction below the 1.1100 level. Overall, bulls need to stage a daily price close above the 1.1170 level to encourage the next round of EURUSD buying.
The EURUSD pair is only bullish while trading above the 1.1170 level, key resistance is found at the 1.1230 and 1.1350 levels.
The EURUSD pair is bearish while trading below the 1.1170 level, key support is found at the 1.1100 and 1.0910 levels.
