The EURUSD has started the new trading week with a neutral tone, as the euro searches for a directional bias around the pairs weekly pivot point, found at the 1.1754 level.
Today the economic calendar remains fairly light for the euro, with financial markets likely to be in a cautious mood, ahead of the annual Jackson Hole symposium on Thursday.
The EURUSD is currently bullish in the short, medium and long-term, with the euro vulnerable to trading losses, should price continue to struggle to trade above the 1.1786 level.
Key short-term technical resistance for the EURUSD is found at 1.1783, 1.1796 and the 1.1815 level.
Technical support for the EURUSD is found at the daily pivot point, at 1.1726, and the key 1.1713 level. Further support is found at the 1.1681 level, and the former weekly price low, at 1.1661.
