The euro has erased weekly gains against the US dollar, after ECB President Mario Draghi confirmed that the European Central Bank will leave eurozone rates unchanged until at least September 2019. The EURUSD pair is likely to weaken even further if price continues to trade below the key 1.1650 support level. Sellers will likely target a strong break below the 1.1600 level, while buyers will try to move price above the 1.1680 resistance level.
The EURUSD pair is intraday bearish while trading below the 1.1650 level, key support is found at the 1.1600 and 1.1540 levels.
If the EURUSD pair holds above the 1.1650 level, buyers will likely target the 1.1680 and 1.1700 resistance levels.
