The pair of EUR/USD struggled to break above 1.1500 and fell to 1.0850, 1.0400, 1.0000, and finally, 0.9600.
The prices rebounded from 1.0800-1.0850 but encountered more resistance that dragged them down again.
The buyers faced a strong hurdle at 1.0930, which they could only overcome briefly to reach 1.1000.
Hence, the current level of 1.1000 was crucial to monitor for any signs of bearish pressure.
On the other hand, any drop to 1.0600 could tempt buyers, who might push the prices up again.
The material has been provided by InstaForex Company – www.instaforex.com
The pair of EUR/USD struggled to break above 1.1500 and fell to 1.0850, 1.0400, 1.0000, and finally, 0.9600.
The prices rebounded from 1.0800-1.0850 but encountered more resistance that dragged them down again.
The buyers faced a strong hurdle at 1.0930, which they could only overcome briefly to reach 1.1000.
Hence, the current level of 1.1000 was crucial to monitor for any signs of bearish pressure.
On the other hand, any drop to 1.0600 could tempt buyers, who might push the prices up again.
The material has been provided by InstaForex Company – www.instaforex.com
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