The euro is falling towards the lowest trading levels of the year against the greenback, as Italian political woes resurface and the US dollar index surges to levels not seen since July 2017. The EURUSD pair is currently trading around the 1.1520 level, with price fast approaching the May monthly trading-low, at 1.1509. The euro risks heavy trading losses below the 1.1500 level, with technical selling likely to increase a traders stop-losses are triggered.
The EURUSD pair is strongly bearish while trading below the 1.1510 level, key technical support is now located at the 1.1480 and 1.1430 levels
If the EURUSD pair moves above the 1.1554 level, intraday technical resistance can be found at the 1.1575 and 1.1600 levels.
