EURO BEARISH BELOW 1.1780
The EURUSD has fallen below the 1.1780 support level, encouraging intraday selling in the pair. At present, the euro is trading around the 1.1760 level, as financial market concern grows over the worsening political situation in Catalonia, whilst the U.S dollar index continues to push higher.
The EURUD is expected to break below the 1.1750 support level as intraday selling interest accelerates. Once below the 1.1750 level, the euro is expected to test the 1.1739 and 1.1710 levels.
If the EURUSD can hold the 1.1750 support level, intraday buyers should then move the euro back towards the 1.1780 level, and the weekly pivot point, found at the 1.1807 level.