currency has fallen to a fresh 2019 trading low against the US dollar
, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD
pair is increasingly bearish
, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD
sellers is likely to be the 1.1100 support level
pair is heavily bearish
while trading below the 1.1175 level, key technical support is found at the 1.1135 and 1.1100 levels.
If the EURUSD
pair trades above 1.1175 level, key intraday resistance is found at the 1.1216 and 1.1230 levels.