On Tuesday, the EURUSD exchange rate underwent a rapid correction and fell to 1.10790, below the support of 1.10880.
The general technical context highlights bearish implications in the process of strengthening for the Euro against the US currency, with negative stresses such as to force the levels towards the support area estimated at 1.10350.
Contrary to expectations, however, bullish pressures could push prices up to 1.11390 where there is an important resistance level. The dominance of the bears feeds negative expectations for the next session with potential target set at 1.10350.
In terms of risk, the currency has a daily volatility of 0.2856% and records a weekly performance of -0.4%.