EURO RISKS DEEPER PULLBACK BELOW 1.1680

The EURUSD pair has moved below the 1.1700 level, after U.S durable goods data came in much better than expected, rising 6.5 percent for the month of June, against an expected increase of 3 percent.

At present, the euro trades around the 1.1685 region, having moved price action back above the M30 time frame 100 period moving average, after falling and rebounding from the 1.1650 level.

The EURUSD pair remains strongly bullish in the medium and long term, however, the pair is now bearish in the short term, whilst trading beneath the 1.1700 level.

Intraday support for the EURUSD is found at 1.1680, 1.1650 and the H1 time frame 100 period moving average, currently located at 1.1620.

Should price recover above the 1.1700 level, intraday EURUSD resistance is located at 1.1713, 1.1733 and the 2017 yearly price high at 1.1775.