EURUSD STRONGLY BEARISH BELOW 1.1900
The euro has fallen to fresh monthly trading-low against the U.S dollar, hitting 1.1839, after much better than expected U.S Job Openings data caused the greenback to strengthen further. The EURUSD pair currently around the 1.1850 level, with strong downside pressure building after the 1.1900 level was clearly breached yesterday. Traders now look towards 1.1800 support level, and the release of the United States Producer Price Index later today.
The EURUSD pair is strongly bearish while trading below the 1.1900 level, further losses towards 1.1839 and 1.1800 seem possible in the short-term.
If the EURUSD pair starts to trade back above the 1.1886 level, we may see price bounce towards the 1.1913 and 1.1938 levels.