The euro currency has come under selling pressure against the US dollar, as reports surface of problems inside the current German coalition government. The EUR/USD pair has so far fallen towards the 1.1624 level, after finding strong resistance from the 1.1690 level earlier today. Euro sellers will attempt to move price below the 1.1624 level, while buyers will look to move the pair back above the 1.1674 level.
The EURUSD pair is bearish while trading below the 1.1674 level, key intraday support is found at the 1.1600 and 1.1554 levels.
If EURUSD buyers move price back above the 1.1674 level, the pair may correct back towards the 1.1690 and 1.1719 levels.
