EURUSD TECHNICAL REJECTION WEIGHS ON SENTIMENT
The euro currency has come under heavy selling pressure against the US dollar after Tuesday rally higher was once again rejected from the 1.1650 resistance level. The EURUSD pair remains short-term bearish while trading below the 1.1600 support level. Sellers will attempt to break the 1.1528 support level, while buyers need a solid price close above the 1.1650 level.
The EURUSD pair is bearish while trading below the 1.1600 level, key support is located at the 1.1528 and 1.1500 levels.
If the EURUSD pair moves above the 1.1650 level, buyers are likely to test towards the 1.1681 and 1.1730 levels.