The euro has come under heavy selling against the US dollar, hitting 1.1760, after worse than expected German economic data and rising Italian bond-yields sparked a sell-off in the single currency. The EURUSD currently trades close to session lows, as risk-off trading sentiment pushes the pair closer to critical support. Euro sellers will now try to break the key 1.1750 level, while euro buyers will try to push price back above the 1.1800 level.
The EURUSD pair is intraday bearish while trading below the 1.1750 level. Key support is located at the 1.1715 and 1.1680 levels.
If the EURUSD pair holds above the 1.1750 level, buyers will likely push price towards the 1.1800 resistance level.
