EURUSD TESTING 1.1500 SUPPORT LEVEL
The euro has fallen towards the 1.1500 level against the US dollar, as the greenback continues to strengthen towards the 95.75 level. Sellers will likely target the 1.1470 level if the 1.1500 support level breaks, while bulls need to stabilize price above the 1.1553 resistance level. Rising Italian bond-yields are also pressuring the single currency lower, as the Italian budget issues spooks investors.
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.