EURUSD UNDER PRESSURE AFTER TECHNICAL FAILURE

The euro currency has fallen from a three-week trading high against the US dollar after short-term buyers once again failed to break the 1.1730 resistance level. Rising US treasury-yields helped pushed the EURUSD pair lower, with the US ten-year bond yield rising to its highest trading level since May. Sellers will attempt to break the 1.1650 level while buyers need to push price above the 1.1700 resistance level.

• The EURUSD pair only bullish while trading above the 1.1650 level, key resistance remains at the 1.1730 and 1.1750 levels.

• If the EURUSD pair moves below the 1.1650 level, key support is found at 1.1628 and 1.1600 levels.