EURUSD INTRADAY BEARISH BELOW 1.2334 LEVEL
The euro has continued to drift lower against the U.S dollar on Friday, with price-action so far finding weekly support from the 1.2300 support level. The EURUSD turned bearish as buyers failed to move price above the 1.2400 level, with the pair repeatedly failing below important technical support. Traders now look towards the release of EU CPI inflation data for the month of February, with intraday sellers firmly in control whilst the pair trades below the 1.2334 level.
- The EURUSD pair is intraday bearish below the 1.2334 level, key weekly support is found at the 1.2305 and 1.2278 levels.
If the EURUSD pair can maintain price-action above the 1.2332 level, buyers will likely test the 1.2357 and 1.2382 resistance areas.