EURUSD UNDER BEARISH PRESSURE BELOW 1.1715
The euro has fallen to a fresh 2018 trading-low against the US dollar, hitting 1.1677, as weaker than expected eurozone data and rising Italian bond-yields weigh on the single currencies trading sentiment. The EURUSD pair currently trades around the level 1.1700, with bearish selling pressure building while price trades below the key 1.1715 level. Traders continue to find direction from the value of the US dollar index and steadily rising Italian bond-yields.
The EURUSD pair is strongly bearish while trading below the 1.1715 level. Further selling towards the 1.1677 and 1.1610 remains possible.
If the EURUSD pair trades above the 1.1715 level, key technical resistance is found at the 1.1750 and 1.1780 levels.