The euro has moved sharply lower against the greenback during the European trading session, as the U.S dollar index climbs to its highest trading level since, March 1st. The EURUSD pair currently trades around the 1.2230 level, with price-action continuing to edge lower towards the key 1.2214 support level. Moving into the U.S session, traders look towards U.S Manufacturing data and the key 91.00 level on the U.S dollar index.
The EURUSD pair is strongly bearish while trading below 1.2248 level, further losses towards the 1.2214 and 1.2175 levels seem likely.
Should price-action on the EURUSD pair move above the 1.2248 level, buyers may test the 1.2275 and 1.2300 resistance levels.
– advertisement –