Europe’s common currency faced headwinds on Thursday, as an intraday rally attempt was capped below 1.1700. Is the pair vulnerable to further losses? What does the following 13 July EURUSD Technical Outlook reveal?
13 July, OctaFX – The euro currency remains under pressure against the US dollar on Friday, following second consecutive bearish daily price-close beneath key technical support.
The EURUSD pair has so far extended its decline towards the 1.1650 level and remains vulnerable to further losses. Sellers will look to target the 1.1600 level, while buyers will look to keep price above the 1.1681 level.
13 July EURUSD Technical Outlook
- The EURUSD pair remains bearish while trading below the 1.1674 level, key support is now found at the 1.1650 and 1.1600 levels.
- If the EURUSD pair moves above the 1.1681 level, key technical resistance is found at the 1.1700 and 1.1724 levels.
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