EURO STILL BEARISH BELOW 1.1715 LEVEL
The euro currency has suffered another volatile European trading session against the US dollar, as Italian bond yields continue to rise across the board. The EURUSD pair currently trades around the 1.1713 level, after earlier hitting 1.1682, before recovering back above the 1.1700 level. Euro traders continue to look towards the Italian bond market and the US dollar index for direction.
The EURUSD pair remains strongly bearish while trading below the 1.1715 level. Key support is found at the 1.1682 and 1.1640 levels.
If the EURUSD pair trades above the 1.1715 level, near-term technical resistance is located at the 1.1728 and 1.1750 levels.