EURO TESTING KEY DAILY SUPPORT
The euro has moved lower against the U.S dollar during the European trading session, following weaker than expected eurozone data and a rebound higher in the U.S dollar index. The EURUSD pair has seen dip buying demand from lower levels, with the key 1.2333 level surviving its first technical test, although downside pressures continue to build. Traders now look towards weekly jobs data from the United States, with the 1.2333 to 1.2382 price-range in focus.
The EURUSD pair will turn intraday bearish below the 1.2333 level, key support is located at the 1.2300 and 1.2275 regions.
Should price-action on the EURUSD pair managed to hold above the 1.2333 level, buyers will likely test back towards the 1.2382 and 1.2396 levels.