The euro has reversed sharply from the 1.1570 region against the greenback, after the US dollar index suffered a third major technical rejection from the 95.50 level. The EURUSD pair has so far found strong resistance from just below the key 1.1681 level and trades back towards the 1.1650 level once again. Buyers will try to force price above the 1.1681 level, while sellers will target losses below the key 1.1600 support level.
The EURUSD pair is still bearish while trading below the 1.1681 level, key support is found at the 1.1630 and 1.1600 levels.
If the EURUSD pair moves above the 1.1681 level, buyers will attempt to move price towards the 1.1700 and 1.1744 resistance levels.
