The euro currency has fallen sharply against the US dollar after another very strong monthly and annual CPI inflation report from the US economy. The EURUSD pair has a bearish short-term trading bias while the daily candle continues to close below the 1.1845 level. The EURUSD pair could fall towards the 1.1730 support area this week if the 1.1770 support level is broken.
The EURUSD pair is only bullish while trading above the 1.1845 level, key resistance is found at the 1.1900 and 1.1970 levels.
EURUSD pair is only bearish while trading below the 1.1845 level, key support is found at the 1.1770 and 1.1730 levels.
