EURUSD Range Break

The euro currency is under heavy selling pressure against the US dollar on Wednesday, with the pair slumping to its lowest trading level of the year so far. The EURUSD pair has also staged an important range breakout this morning after breaking under the 1.1835 level. According to the size of the range breakout, the EURUSD pair could be headed towards the 1.1680 level.

The EURUSD pair is only bullish while trading above the 1.1835 level, key resistance is found at the 1.1870 and 1.1900 levels.

EURUSD pair is only bearish while trading below the 1.1835 level, key support is found at the 1.1770 and 1.1680 levels.