The euro continues to reverse early-week gains against the US dollar, as trade war fears help to underpin strength in the greenback. The EURUSD pair is currently trading below the 1.1700 level and remains at risk of further losses if price slips below the 1.1681 level. The MACD indicator is also starting to turn lower across the four-hour time frame, while price is also starting to approach the 200-period moving average on the mentioned time frame.
The EURUSD pair is only intraday bullish while trading above the 1.1681 level, key resistance is found at the 1.1724 and 1.1750 levels.
If the EURUSD pair falls below the 1.1681 level, sellers will likely test towards the 1.1650 and 1.1630 support levels.
The EURUSD pair is only intraday bullish while trading above the 1.1681 level, key resistance is found at the 1.1724 and 1.1750 levels.
If the EURUSD pair falls below the 1.1681 level, sellers will likely test towards the 1.1650 and 1.1630 support levels.
