The euro remains under selling pressure against the U.S dollar, after short-term buyers failed to move price back above the key 1.1900 level. Yesterday, the EURUSD pair traded as high-as 1.1896, after U.S PPI Inflation data came in slightly weaker than expected, although the rally higher was soon sold lower. Traders are likely to focus on a break of the current 1.1822 to 1.1896 trading-range, and the release U.S CPI Inflation data later today.
The EURUSD pair remains bearish while trading below the 1.1900 level, key intraday support is found at the 1.1822 and 1.1800 levels.
If the EURUSD pair starts to trade above the key 1.1900 level, buyers may test the 1.1913 and 1.1938 resistance levels.
