EURUSD SELLERS TESTING KEY SUPPORT AGAIN
The euro has fallen back towards key weekly support against the US dollar as traders book profits ahead of a number of key risk-events for the single currency. EURUSD traders await Thursday’s ECB policy decision and US President Donald Trump’s scheduled meeting with European trade officials. Buyers now need to keep the price above the 1.1724 resistance level, while sellers now need to hold price below the 1.1650 level.
The EURUSD pair is only intraday bullish while trading above the 1.1724 level, key resistance above the 1.1724 level is found at the 1.1750 and 1.1790 levels.
If the EURUSD pair falls below the 1.1650 level, key technical support is found at the 1.1630 and 1.1600 levels.