EURUSD INTRADAY BEARISH BELOW 1.1615
The euro remains under pressure against the US dollar, after suffering its worst one-day loss of the year last Thursday, following the ECB policy meeting. The EURUSD pair currently trades around the 1.1590 level, after bouncing strongly from the 1.1545 level on Friday. Euro traders await a scheduled speech from ECB President Mario Draghi at the ECB forum in Sintra, Portugal, during the European trading session.
- The EURUSD pair is intraday bearish while trading below the 1.1615 level, further losses towards 1.1570 and 1.1510 remain possible.
- If the EURUSD pair moves above the 1.1615 level, buyers may test towards the 1.1658 and 1.1715 resistance levels.