EURUSD TESTING TOWARDS MONTHLY LOW
The euro remains under heavy selling pressure against the greenback in early Friday trade, as the US dollar index climbs back towards the 96.00 resistance level. The EURUSD pair is fast approaching the current monthly low, with a break below the 1.1431 level likely to expose further downside towards the 1.1410 support level. Buyers will likely attempt to defend the 1.1431 support level and force price back above the 1.1480 level.
The EURUSD pair is strongly bearish while trading below the 1.1480 level, key support is now found at the 1.1431 and 1.1410 levels.
If the EURUSD pair trades above the 1.1480 level, key intraday resistance is found at the 1.1500 and 1.1518 levels.