April 19, OctaFX –The euro currency continues to weaken against the US dollar on Friday following yesterday’s much weaker than expected eurozone manufacturing data.
EURUSD technical outlook
The EURUSD pair is intraday bearish while trading below the 1.1250 level, with critical support located at the 1.1175 level. Technical indicators on the daily time frame are also showing that selling pressures are increasing.
The EURUSD pair is intraday bearish while trading below the 1.1250 level, key technical support is found at the 1.1216 and 1.1175 levels.
If the EURUSD pair trades above 1.1250 level, key intraday resistance is found at the 1.1270 and 1.1290 levels.
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