Prices around 1.1700 have hung on for a short period of time before another dip occurred towards 1.1200. Subsequently, significant selling pressure applied on the price zone around 1.1500 as a valid sell entry was offered on the previous ascending movement towards it.
Soon after, the EUR/USD pair moved down to the price ranges of 1.0850, 1.0400, 1.0000, and recently 0.9600. The market has been under selling pressure until a plateau level was reached around the current key zone around 1.0700-1.075.
Any downward movement towards 1.0300 should be watched for buying pressure where a new ascent can be established.
