The euro has corrected higher against the US dollar during the European trading session, as the US dollar index moves lower after briefly moving above the key 95.00 level. The EUR/USD pair has so far found resistance from the 1.1615 level, after earlier finding strong support from the 1.1545 level. Further technical selling in the EURUSD remains likely as the pair is still bearish while trading below the 1.1615 level.
If the EURUSD pair moves above the 1.1615 level, buyers may test towards the 1.1658 and 1.1715 resistance levels.
If the EURUSD pair continues to trade below the 1.1615 level, further losses towards the 1.1583 and 1.1545 levels seem likely.
