The euro has fallen to a fresh weekly trading-low against the greenback, after a strong technical rejection from the key 1.1674 resistance level earlier today. The EUR/USD pair is also under pressure from intraday strength in the US dollar Index, as it approaches the 95.00 level once again. Sellers now look to further losses below the 1.1628 level, while buyers need to move price back towards the 1.1674 level.
The EURUSD pair is further bearish while trading below the 1.1628 level, key support is located at the 1.1600 and 1.1540 levels.
If EURUSD buyers can move price back above the 1.1674 level, key resistance is found at the 1.1700 and 1.1724 levels.
