EURUSD BUYERS NEED TO BREAK 1.1730 LEVEL
The euro continues to hold around the 1.1700 level against the greenback, following a strong move lower in the US dollar on Monday after more weak economic data from the American economy. EURUSD buyers need to break the 1.1730 level in the short-term or face a further technical rejection back towards the 1.1650 level. Euro traders now await a scheduled speech from European Central Bank President Mario Draghi.
The EURUSD pair is bullish while trading above the 1.1681 level, key resistance is found at the 1.1730 and 1.1750 levels.
If the EURUSD pair moves below the 1.1681 level, key technical support is found at 1.1650 and 1.1617 levels.