The euro against the dollar continued to decline, achieving its lowest level at 1.1182, near the main low of 1.1178, and the pair's negativity continues to trade below 1.1364 1.1420 targeting 1.1148 and 1.1120.
In the short term, breaching the 1.1245 level, the pair is expected to correct 1.1284 and 1.1315 levels (38.2 50 Fibonacci levels respectively), but the price is expected to bounce as long as it trades below 1.1360 -1.1420.
On the other hand, a return above the resistance 1.1420 increases the strength of the buyers to breach the top 1.1448, and success in breaking this top targets the pair the psychological level 1.1500, and through its penetration we may see a start for the pair to the goals of 1.1620 1.1710.
Resistance levels: 1.1347 1.1420 1.1514 Support levels: 1.1178 1.1110 1.1025
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