EURUSD TESTING CRITICAL TECHNICAL SUPPORT
The euro has started to erase recent gains against the US dollar, with price now testing back towards last weeks key breakout spot. The EURUSD pair has slipped lower due to a strong bid coming back into the US dollar index, as buyers recover the key 94.00 level. Buyers will look to move price back above the 1.1760 level, while sellers will look to hold price below the 1.1724 level.
The EURUSD pair is only intraday bullish while trading above the 1.1724 level, key resistance is now found at the 1.1760 and 1.1790 levels.
If the EURUSD pair continues to trade below the 1.1724 level, key technical support is found at the 1.1713 and 1.1685 levels.