EURUSD TRADING UNDER TRENDLINE SUPPORT
The euro currency is trading lower against the US dollar, after breaching trendline support during the European trading session. Failure to once again break the 1.1400 resistance level prompted the move lower, with short-term sellers taking control. The EURUSD pair is likely to drift towards the 1.1335 support level if price continues to hold below key trendline support.
The EURUSD pair is bearish while trading below the 1.1380 level, key technical support is found at the 1.1335 and 1.1300 levels.
If the EURUSD pair trades above the 1.1380 level, key resistance is found at the 1.1400 and 1.1470 levels.