The euro continues to fall against the greenback on Thursday, with the EURUSD pair earlier touching a fresh weekly trading low, at 1.1526, as the US dollar index climbs towards the 95.50 level. Downside pressure is building on the EURUSD pair across numerous indicators, with further intraday losses increasingly likely. Sellers will target below the 1.1507 level for further losses, while buyers will try to defend the key 1.1554 level.
The EURUSD pair is strongly bearish while trading below the 1.1554 level, key intraday support is located at the 1.1507 and 1.1458 levels.
If EURUSD buyers hold price back above the 1.1554 level, a correction back towards the 1.1580 and 1.1600 levels is possible.
