OctaFX_Official

EURUSD still at risk

FX:EURUSD   Euro / U.S. Dollar
The euro currency remains at risk of further losses against the US dollar , with the pair continuing to make bearish daily lower price lows. Going forward, a sustained loss of the 1.0990 support level would be extremely bearish for the EURUSD pair this week. At present, a daily price close above the 1.1070 level is needed to confirm that a new short-term bullish trend will begin.

• The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1070 and 1.1100 levels.
• The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.0990 and 1.0945 levels.

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