The euro currency has faced another strong upside from the 1.1770 area against the US dollar, placing the emphasis back towards the September monthly low. Sustained weakness below the 1.1730 area is increasingly likely to see the EURUSD pair testing towards the 1.1610 support level Further weakness towards the 1.1500 level remains possible if the 1.1610 level is broken.
The EURUSD pair is only bearish while trading below the 1.1730 level, key support is found at the 1.1660 and 1.1610 levels.
The EURUSD pair is only bullish while trading above the 1.1730 level, key resistance is found at the 1.1770 and 1.1800 levels.
