EURUSD HEAVY LOSSES EXPECTED BELOW 1.1300
The euro has continued to move lower against the US dollar after ECB President Mario Draghi struck a dovish tone during yesterday’s ECB policy meeting. Technically, a clear break below the 1.1300 support level exposes the EURUSD pair to further downside towards at least the 1.1220 level. Intraday selling pressure is expected to remain intact while price trades below the 1.1400 level.
The EURUSD pair is strongly bearish while trading below the 1.1400 level, key support is found at the 1.1360 and 1.1300 levels.
If the EURUSD pair moves above the 1.1400 level, key intraday resistance is found at the 1.1431 and 1.1500 levels.
The EURUSD pair is strongly bearish while trading below the 1.1400 level, key support is found at the 1.1360 and 1.1300 levels.
If the EURUSD pair moves above the 1.1400 level, key intraday resistance is found at the 1.1431 and 1.1500 levels.
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