The euro has declined against the U.S dollar, touching 1.1767, as global stocks and the U.S dollar index start to recover after better U.S data and political news. The EURUSD pair currently trades around the 1.1780 level, after previously trading as high as 1.1860 on Wednesday. Traders now look to key CPI inflation data from the eurozone economy, and the crucial U.S tax plan reform vote, which is being held in U.S Senate late on Thursday evening.
The EURUSD pair remains intraday bearish while trading below the 1.1800 technical level. Further declines towards the 1.1767 and 1.1710 appear likely while price-action trades below the 1.1800 level.
Should price-action move back above the 1.1800 level, further upside towards the 1.1860 and 1.1910 levels remains likely.
