has fallen sharply lower against the US dollar
after ECB President Mario Draghi lowered eurozone growth forecasts for the rest of 2019. The EURUSD
pair tumbled to a multi-year trading low, with the 1.1120 level the next key support zone
to watch below the 1.1200 level. The EURUSD
is likely to remain under extreme selling pressure while trading below the 1.1215 support level
pair is strongly bearish
while trading below the 1.1215 level, key technical support is found at the 1.1180 and 1.1120 levels.
If the EURUSD
pair moves above the 1.1215 level, buyers may test towards the 1.1235 and 1.1275 levels.