The euro currency has reversed sharply lower against the US dollar as the Trump campaign is doing better than many forecasters expected. The EURUSD pair has reversed sharply from the 1.1770 resistance level, as traders once again start to buy the US dollar. If the greenback continues to gather pace the EURUSD pair could easily start to test towards the psychological 1.1500 support level.
The EURUSD pair is only bearish while trading below the 1.1640 level, key support is found at the 1.1550 and 1.1500 levels.
The EURUSD pair is only bullish while trading above the 1.1640 level, key resistance is found at the 1.1770 and 1.1840 levels.
