EURUSD RANGE BOUND AFTER HITTING RESISTANCE
The euro is trading in a tight range against the US dollar after the price was strongly rejected from the 1.1770 resistance area during the European trading session. Traders are now focusing on a break of the 1.1720 to 1.1770 price range, with EURUSD bulls still retaining the upper hand in the short-term while price trades above the 1.1730 support level.
The EURUSD pair is only intraday bullish while trading above the 1.1730 level, key resistance remains at the 1.1770 and 1.1812 levels.
If the EURUSD pair moves below the 1.1730 level, key support is then found at 1.1700 and 1.1650 levels.