currency has fallen to a fresh weekly trading low against the US dollar
after yet another technical failure above the 1.1200 resistance level
. If EURUSD
sellers can hold price the 1.1165 level the pair is likely to weaken towards the 1.1130 support level
. Buyers will need to move price above the 1.1216 resistance level
in order to change the bearish
intraday sentiment towards the EURUSD
pair is heavily bearish
while below the 1.1165 level, key technical support is found at the 1.1130 and 1.1110 levels.
If the EURUSD
pair moves above the 1.1190 level, key technical resistance is found at the 1.1216 and 1.1264 levels.