EURUSD HEADING TOWARDS 1.1800 LEVEL
The euro has fallen to a fresh monthly trading-low against the greenback this morning, hitting 1.1882, after the U.S dollar index resumed its recent breakout move to the upside. The EURUSD pair currently trades close to the lows of the day, after being sold aggressively from the 1.1930 level during the European trading session. Traders now look towards the 93.00 level on the U.S dollar index, and the release of U.S Job Openings data.
The EURUSD pair remains bearish while trading below the 1.1938 level, further losses towards 1.1860 and 1.1800 seem likely.
If the EURUSD pair starts to trade back above the 1.1938 level, intraday buyers may test towards the 1.1978 and 1.2000 resistance levels.