EURUSD FURTHER BEARISH BELOW 1.1600 LEVEL
The euro remains under heavy technical selling pressure against the greenback, as the US dollar index advances well-above the 95.00 level. The EURUSD pair remains strongly bearish across the four-hour time frame on the MACD indicator and could decline below the 1.1600 level. Sellers will likely target the 1.1550 level, while buyers will look to move price above the 1.1650 level.
The EURUSD pair is strongly bearish while trading below the 1.1600 level, key support is found at the 1.1550 and 1.1510 levels.
If the EURUSD pair trades above the 1.1650 level, buyers may move price towards the 1.1680 and 1.1700 resistance levels.