The euro currency staged a major pullback on the foreign market against the US dollar on Friday, as month end selling forced the pair lower. A weekly bearish bias towards the EURUSD pair is likely to remain force while the trades under the 1.2080 level. If the pair remains under the 1.2080 level then the EURUSD pair could fall towards the 1.1980 technical support zone.
The EURUSD pair is only bullish while trading above the 1.2080 level, key resistance is found at the 1.2115 and 1.2160 levels.
EURUSD pair is only bearish while trading below the 1.2080 level, key support is found at the 1.2000 and 1.1980 levels.
