The EUR/USD pair has tested the technical support at the level of 1.1206 twice already, but no breakout below occurred so far. The price is getting closer to the level of 1.1181, which is the key technical support for the market.

EURUSD: Monday’s movements expected to go against Friday’s

Previous:
On Friday the 5th of July, trading on the euro closed down. The euro declined against the dollar to reach the 1.1207 mark. This sharp drop was brought about by strong US jobs data.

Recent research by Chainanalysis suggests that the number of Bitcoins spent on illegal transactions this year could reach a record high of $ 1 billion, even though the ratio of illegal to legal transactions is shrinking, according to the Bloomberg report.

The EUR/USD pair has been trading inside of a narrow range between the levels of 1.1268 - 1.1296 for the last 24 hours, but the 61% Fibonacci retracement still holds.