EURUSD STRONGLY REJECTED ABOVE 1.1400
The euro is back under heavy selling pressure against the US dollar after a minor technical correction above the 1.1400 resistance level. The recent rejection above the 1.1400 level has created a bearish triple top pattern, putting further downside pressure on the EURUSD pair. Sellers are now increasingly likely to test the 1.1335 support level, while buyers need to once again move price back above the 1.1400 resistance level.
The EURUSD pair is strongly bearish while trading below the 1.1335 level, key support is found at the 1.1300 and 1.1220 levels.
If the EURUSD pair trades above the 1.1400 level, key resistance is now found at the 1.1411 and 1.1431 levels.