The euro continues to hold above the 1.1700 level against the US dollar, following a sharp decline in the value of the greenback on Monday. The EURUSD pair currently retains a bullish intraday bias while price trades above the key 1.1681 technical level. Traders now look to Jobs and Retail Sales data from the German economy and the release of US CORE PCE data later today, which is the Federal Reserve’s preferred measure of inflation.
The EURUSD pair is bullish while trading above the 1.1680 level, key resistance is found at the 1.1730 and 1.1790 levels.
If the EURUSD pair falls below the 1.1680 level, key technical support is found at the 1.1650 and 1.1630 levels.
