The EURUSD selling pressure continues after a survey on Monday showed European manufacturing contracted for seven straight months, reinforcing expectations that the European Central Bank will ease monetary policy at a meeting next week.
As long as the EURUSD pair stays below 1.0979 on a daily basis, the downward movement may gain more momentum, and we will face 1.0837 as the main support level. On the other hand, if the price goes beyond 1.0979, the next resistance level will be at 1.1052.
Support : 1.0837
Resistance : 1.0979 - 1.1052 - 1.1114
03 Sep 19 (Tue)
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