is back under severe technical pressure against the greenback after breaking through the key 1.1160 support level
on Wednesday. Bears could easily force a deeper decline towards the 1.1100 level if the 1.1130 support level
becomes breached. Overall, market sentiment towards the EURUSD
pair is very bearish
while price continues to trade below the pivotal 1.1160 level.
pair is heavily bearish
while trading below the 1.1160 level, key support is found at the 1.1130 and 1.1100 levels.
If the EURUSD
pair trades above the 1.1160 level, bulls may test towards the 1.1200 and 1.1250 levels.