EURUSD SELLERS TARGETING 1.2000 LEVEL
The euro currency has continued to fall lower against the U.S dollar during the European trading, with price-action breaking below the 1.2095 support level, hitting 1.2064. The rising value of the U.S dollar has again been the driving force behind today’s fall in the EURUSD pair, with the greenback gaining across the board. Moving into the U.S session, further losses below the 1.2064 support level may provoke another fresh round of euro selling toward the 1.2000 level.
The EURUSD pair retains a bearish trading bias while trading below the 1.2154 level, key support is now found at the 1.2033 and 1.2000 levels.
If the EURUSD pair moves back above the 1.2216 level, buyers may move for a technical test of the key 1.2254 level.