EURO STRONGLY BEARISH BELOW 1.1750
The euro has slipped lower against the U.S dollar during the European trading session, hitting 1.1734, as investors remain concerned about the political risks coming from Catalonia and new political risks coming from the Lombardy region of Italy. The EURUSD pair currently trades close to the 1.1740 region, as the U.S dollar Index continues to push towards the trading highs of October.
The EURUSD pair is strongly bearish while trading below the 1.1750 level, further intraday declines can be expected for the euro while below this level, with sellers targeting the 1.1733 and 1.1713 levels.
Should the EURUSD pair move back above the 1.1750 level, euro buyers will likely try to push price towards the 1.1770 and 1.1800 resistance areas.