The euro currency has moved back towards the key 1.1800 level against the US dollar, after sellers pushed the pair lower from the 1.1839 resistance level. Yesterday, the EURUSD pair moved to its highest trading level since May 17th, as traders continued to buy the euro on reports the ECB will soon be discussing when to exit QE. Buyers will look for further upside above the 1.1839 level, while intraday sellers will look for declines towards the key 1.1750 level.
The EURUSD pair is intraday bullish while trading above the 1.1800 level. Key resistance is located at the 1.1839 and 1.1875 levels.
If the EURUSD pair moves below the 1.1800 level, sellers will likely push price towards the 1.1750 support level.
