EURUSD FURTHER BEARISH BELOW 1.1767 LEVEL
The euro continues to correct lower against the U.S dollar, after numerous technical rejections from the 1.1800 level during the European trading session, and subdued Eurozone inflation numbers. Official data showed eurozone CORE CPI decreasing 0.1 percent in October, adding to the already negative trading sentiment surrounding the EURUSD today. The EURUSD pair currently trades around the 1.1765 level, as investors await a raft of U.S economic data and U.S political risks during the upcoming U.S trading session.
The EURUSD remains strongly bearish while price-action continues to decline below the 1.1767 level. Intraday sellers will likely try to push the pair towards the key 1.1710 level.
Should price-action trade above the 1.1767 level, buyers will likely start to re-test the 1.1800 level. Extended intraday resistance remains at the 1.1860 and 1.1910 levels.