The euro is trading back towards Monday’s breakout region against the US dollar, after being technically rejected from the 1.1600 level. The EURUSD pair is only intraday bullish while trading above the 1.1570 level, buyers are also at risk of losing bullish momentum if they cannot break the 1.1600 level today. Sellers will likely target the 1.1553 level if the 1.1570 support level is breached.
The EURUSD pair is only bullish while trading above the 1.1570 level, key resistance is found at the 1.1600 and 1.1650 levels.
If the EURUSD pair trades below the 1.1570 level, key intraday support is found at the 1.1553 and 1.1500 levels.
