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.