EURUSD STRONGLY REJECTED FROM TRIANGLE PATTERN
The euro has fallen below the key 1.1600 level against the greenback after buyers earlier failed to break inside the symmetrical triangle pattern. The EURUSD pair has also weakened as the US dollar index held key technical support this morning. Sellers will now aim to push the price below the 1.1554 level, while buyers will once again attempt to break trendline resistance.
The EURUSD pair is intraday bearish while trading below the 1.1600 level, key support remains at the 1.1553 and 1.1527 levels.
If the EURUSD pair trades above the 1.1600 resistance level once again, buyers may test towards the 1.1630 and 1.1650 resistance levels.