EURUSD TESTING KEY BREAKOUT ZONE
The euro currency has fallen to a fresh weekly trading-low against the greenback following a strong move higher in the value of the U.S. Dollar Index. The EURUSD pair is now probing the bottom-end of the neutral symmetrical triangle pattern, with the price so far reaching the 1.1618 level. Sellers will try to target the 1.1510 level if the triangle breaks, while buyers attempt to stabilize price above the 1.1650 level.
The EURUSD pair is strongly bearish while trading below the 1.1623 level, key support is found at the 1.1600 and 1.1510 levels.
If the EURUSD pair trades above the 1.1650 level, key technical resistance is found at the 1.1724 and 1.1790 levels.