EURUSD TRADING BELOW BREAKOUT AREA
The euro has fallen towards the 1.1700 level against the US dollar, after intraday buyers failed to hold price above the key 1.1724 level. The EURUSD pair has also come back under pressure as the US dollar index starts to move back towards Tuesday’s trading-high. Sellers will target further losses below the 1.1674 level, while buyers will look to reclaim the 1.1724 level.
The EURUSD pair is intraday bearish while trading below the 1.1724 level, key support is now found at the 1.1674 and 1.1638 levels.
If the EURUSD pair moves back above the 1.1724 level, buyers may test back towards the 1.1750 and 1.1800 levels.