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.