EURUSD BACK UNDER PRESSURE
The euro currency is back under pressure against the greenback on Tuesday, as better than expected US economic data and rising Italian bond-yields push the pair lower. A clear break below the 1.1553 support level should encourage technical selling towards the 1.1500 level. EURUSD buyers need to force price above the 1.1600 resistance level and break the former daily high to change the bearish sentiment towards the pair.
The EURUSD pair is strongly bearish while trading below the 1.1553 level, key support is now found at the 1.1500 and 1.1470 levels.
If the EURUSD pair moves above the 1.1600 level, key technical resistance is located at the 1.1624 and 1.1665.