FX.co ★ EUR/USD - EUR is aproaching important pivot support at he price of 1.1075, watch for price action around it to confirm further direction

Gold has been trading downwards in the past 24 hours and the price did test the level of 1.1090. EUR is approaching important multi pivot support level 1.1075-1.1065. This level is go-no go level and you should watch careful the price action around it.

Downside breakout of the support will lead us for potential test of 1.1000 and selling opportunities would be preferable on the rallies.

Rejection of the support may lead us for potential re-test of the 1.1125. To confirm potential rejection you would need any kind of bottoming pattern near the support.