The euro is moving toward the lower end of its recent short-term trading range against the greenback, as the US dollar index starts to move higher. The EURUSD pair also came under selling pressure on Tuesday, as buyers failed to hold price above the 1.1700 level. Intraday sellers will attempt to breach the current weekly-low, at 1.1628, while buyers will try to maintain price back above the former weekly-high, at 1.1674.
The EURUSD pair is intraday bearish while trading below the 1.1674 level, key support is located at the 1.1628 and 1.1599 levels.
If EURUSD buyers move price back above the 1.1674 level, key resistance is then located at the 1.1700 and 1.1724 levels.
