EURUSD ONLY BEARISH BELOW 1.1700 LEVEL
The euro continues to hold around the 1.1700 level against the US dollar, after buyers failed to build on bullish trading momentum above the 1.1715 level. The EURUSD pair is likely to see selling interest accelerate while trading below the 1.1700 level, with strong support found below at the 1.1675 level. Traders now look towards the release of high-impacting Jobs, Services and Manufacturing data from the United States economy.
The EURUSD pair is intraday bearish while trading below the 1.1700 level. Key support is located at the 1.1675 and 1.1640 levels.
If the EURUSD pair moves above the 1.1700 level, buyers may push price towards the 1.1750 and 1.1787 resistance levels.