EURUSD CONTINUES TO STRUGGLE WITH THE 1.1800 HANDLE

The euro is once at risk of losing its short-term bullish bias against the US dollar after the EURUSD pair was strongly rejected from the 1.1812 level on Monday. The EURUSD only retains its bullish bias while trading above the 1.1730 level, with the single currency now failing on two separate occasions to hold price above the 1.1800 resistance level.

The EURUSD pair is only intraday bullish while trading above the 1.1730 level, key resistance remains at the 1.1770 and 1.1812 levels.

If the EURUSD pair moves below the 1.1730 level, key support is then found at 1.1700 and 1.1650 levels.