EURUSD STRONGLY BEARISH BELOW 1.1300
The euro currency is trading below the important 1.1300 level against the US dollar after key Federal Reserve members Evans and George called for further US interest rates hikes. Bearish pressures are continuing to build on the EURUSD, with the pair strongly intraday bearish while trading below the 1.1300 level. A breach of the 1.1216 support level is likely to spark heavy technical selling in the EURUSD.
The EURUSD pair is strongly bearish while trading below the 1.1300 level, key technical support is found at the 1.1270 and 1.1216 levels.
If the EURUSD pair trades above the 1.1300 level, key technical resistance is found at the 1.1330 and 1.1370 levels.