EURUSD INTRADAY BEARISH BELOW 1.1360 LEVEL
The euro is back under pressure against the US dollar, with the price now trading towards the lower end of the EURUSD weekly trading range. The intraday sentiment surrounding the EURUSD is bearish while trading below the 1.1360 level, which represents the pairs daily pivot point. Traders are now looking for a confirmed technical breakout from the well-defined triangle pattern on the one-hour time frame.
The EURUSD pair is only intraday bullish while trading above the 1.1360 level, key technical resistance remains at the 1.1400 and 1.1435 levels.
If the EURUSD pair trades below the 1.1296 level, sellers are likely to test the 1.1270 and 1.1216 levels.