EURUSD STRONGLY BEARISH BELOW 1.2278 LEVEL
The euro remains under strong bearish pressure against the U.S dollar on Monday, following an overall strengthening of the greenback late on Friday. The EURUSD pair found support at the 1.2260 level, following stronger than expected U.S economic data, with American job openings at their highest level since records began. Investors now look towards the G20 summit in Argentina, with EURUSD sellers now looking to take price-action below the current daily trading low, found at the 1.2257 level.
- The EURUSD pair is intraday bearish whilst trading below the 1.2278 level, key technical support is found at the 1.2229 and 1.2183 levels.
- If the EURUSD pair can maintain price-action above the 1.2278 level, an upside correction towards the 1.2305 and 1.2334 levels may occur.