EURUSD TESTING CRITICAL SUPPORT
The euro has fallen back towards the 1.1400 support level after buyers failed to trigger the bullish inverted head and shoulders pattern this morning. The EURUSD pair is only intraday bullish while trading above the 1.1400 support level and now risks deeper losses towards the 1.1370 level if price trades below this key technical area. Buyers will look to break the 1.1440 level, while sellers will attempt to defend the 1.1400 area.
The EURUSD pair is bullish while trading above the 1.1400 level, key resistance is found at the 1.1440 and 1.1480 levels.
If the EURUSD pair moves below the 1.1400 level key intraday support is found at the 1.1370 and 1.1335 levels.