The euro currency continues to hold to the downside against the U.S dollar, with price-action still trading below major support as the new trading week begins. The EURUSD pair fell towards the 1.1737 level on Friday, as the U.S dollar index moved higher, following optimism that the Trump administrations new tax reform bill would be passed as early as this Tuesday. Investors now look to key November CPI inflation figures from the eurozone later today, and news updates coming from U.S politics.
The EURUSD pair remains intraday bearish while price-action trades below the 1.1787 level, price-action may find support from the 1.1750 and 1.1713 technical levels. Extended weekly support is found at the 1.1660 level.
Should the EURUSD pair start to move above the 1.1787 level, buyers may again start to target the 1.1813 and 1.1860 resistance levels.
