EURUSD MOVE BELOW 1.1463 EXPOSES FURTHER DOWNSIDE
The euro currency is once again trading under the 1.1500 level against the US dollar as the greenback firms broadly in early Monday trading. A strong move below the 1.1463 support level will likely expose the EURUSD pair to further intraday technical selling. Buyers need to move price above the 1.1500 level and close the day above the 1.1553 level to negate short-term bearish pressures.
The EURUSD pair is intraday bearish while trading below the 1.1500 level, key technical support remains at the 1.1463 and 1.1400 levels.
If EURUSD buyers can move price above the 1.1500 level, key intraday resistance is found at the 1.1520 and 1.1553 levels.