EURUSD STILL INTRADAY BEARISH BELOW 1.1900

The euro remains under selling pressure against the U.S dollar, after short-term buyers failed to move price back above the key 1.1900 level. Yesterday, the EURUSD pair traded as high-as 1.1896, after U.S PPI Inflation data came in slightly weaker than expected, although the rally higher was soon sold lower. Traders are likely to focus on a break of the current 1.1822 to 1.1896 trading-range, and the release U.S CPI Inflation data later today.

• The EURUSD pair remains bearish while trading below the 1.1900 level, key intraday support is found at the 1.1822 and 1.1800 levels.

• If the EURUSD pair starts to trade above the key 1.1900 level, buyers may test the 1.1913 and 1.1938 resistance levels.