The euro is back under downside pressure against the greenback, after suffering another upside rejection from the 1.1110 level and falling to fresh new weekly trading low. Technically, the EURUSD is going to struggle to find attract buying interest if the pair continues to fail above the 1.1100 level. Chair Powell’s speech later today and the upcoming G7 meeting is also causing subdued trading action.
If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels.
If the EURUSD pair trades below the 1.1050 level, sellers may test towards the 1.1020 and 1.1000 levels.
If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels.
If the EURUSD pair trades below the 1.1050 level, sellers may test towards the 1.1020 and 1.1000 levels.
