EURO CONTINUES TO MOVE LOWER
The EURUSD pair has moved lower in early Tuesday trading, slipping towards strong support around the 1.1350 region, as the U.S dollar index continues to strengthen across the board.
The EURUSD pair now awaits EU producer price data, and a key speech from European Central Bank member, Peter Praet. The ECB executive board member, may offer some clues on the future direction of the ECB's monetary policy.
Key technical support for the EURUSD pair is located at the weekly pivot point at 1.1347, and the monthly pivot point at 1.1330.
Below the 1.1330 level, critical support for the EURUSD is found at the recent swing low at 1.1290.
Intraday resistance for the EURUSD is located at the H1 time frame 20 period moving average at 1.1366, and the calculated daily pivot point at 1.1378.