EURUSD BEARISH BELOW 1.2300 LEVEL
The euro has moved back towards the pivotal 1.2300 level against the greenback, after better than EU Unemployment data and marginal intraday weakness in the U.S dollar. The EURUSD pair currently trades around the 1.2290 level, after falling to sustained price-action above the 1.2300 level. Traders now look to updates on further possible Chinese trade tariffs, and the release of monthly jobs data from the United States economy.
The EURUSD pair retains a bearish bias whilst trading below the 1.2300 level, key intraday technical support is currently found at the 1.2275 and 1.2252 levels.
If EURUSD price-action can hold above the 1.2300 level, buyers may push towards the 1.2334 and 1.2382 resistance levels.