The EURUSD pair declined sharply to a low of 1.1030, which was the lowest level since July 2017.
1 August 2019, OctaFX – The euro has fallen below the 1.1100 level against the US dollar, marking a bearish monthly price close beneath the bottom of its yearly price range.
EURUSD technical analysis
The EURUSD pair could eventually target towards the 1.0900 level now the range is breach. Key downside target to watch in the interim for the EURUSD pair is located at the 1.1000 and 1.0980 support levels.
The EURUSD pair is heavily bearish while trading below the 1.1100 level, key support is found at the 1.1000 and 1.0980 levels.
If the EURUSD pair trades above the 1.1100 level, bulls could test back towards the 1.1125 and 1.1160 levels.
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