EURUSD STILL BEARISH BELOW 1.1600 LEVEL
The euro currency remains under selling pressure against the US dollar on Friday, with the EURUSD pair still trading well below the key technical support. The EURUSD pair has performed numerous failed attempts towards the 1.1600 resistance level, and risks further declines towards the 1.1507 support level. Traders now look to key eurozone Inflation data and the next directional move around the 95.00 level on the US dollar index.
The EURUSD pair is strongly bearish while trading below the 1.1600 level, key intraday support is found at the 1.1550 and 1.1507 levels.
If EURUSD buyers move price back above the 1.1600 level, price could easily correct back towards the 1.1620 and 1.1644 levels.