EURO INTRADAY BEARISH BELOW 1.1700
The euro currency retains its bearish bias against the US dollar, after a strong technical rejection from the key 1.1700 level on Thursday. The EURUSD pair fell sharply from the 1.1723 level, with price currently trades around the 1.1670 level, after earlier finding support from the 1.1640 level. EURUSD traders now look to the release of key eurozone PMI data and the US Non-farm payrolls job report later today.
The EURUSD pair is intraday bearish while trading below the 1.1700 level. Key support is now located at the 1.1640 and 1.1600 levels.
If the EURUSD pair moves above the 1.1700 level, buyers may push price back towards the 1.1750 and 1.1800 levels.