EURUSD FURTHER BEARISH BELOW 1.1630 LEVEL
The euro currency continues to trade lower against the greenback, as the US Dollar Index advances back towards the 95.00 level. The EURUSD pair now trades with a strong bearish intraday bias while price trades under the 1.1630 level. Sellers will now target losses below the 1.1600 level, while EURUSD buyers need to force price back above the 1.1680 resistance level.
The EURUSD pair is strongly bearish below the 1.1630 level key support is found at the 1.1600 and 1.1540 levels.
If the EURUSD pair trades above the 1.1680 level, buyers will likely target the 1.1700 and 1.1724 levels.