EURO TURNING INTRADAY BEARISH BELOW 1.1860
The euro is under slight pressure against the U.S dollar, after Catalan separatists won a major victory in regional elections yesterday evening. The EURUSD pair crashed lower towards 1.1815 in late trading but quickly recovered back towards the 1.1850 region during the Asian session. The recent bullish trading sentiment towards the euro remain under threat while price trades below the key 1.1860 level. Traders now await more high impacting data from the United States, with the release of Core Durable Goods Orders and Person Income figures.
The EURUSD remains intraday bearish while trading below the 1.1860 level, sellers may now target towards the 1.1813 and 1.1770 support levels.
Should the EURUSD pair start to move above the 1.1860 level, buyers may target towards the 1.1900 level and the 1.1940 level.