EURUSD 1.1400 is the key upside level to watch
The euro currency remains well-bid against the US dollar in early Wednesday trade, as traders continue to buy any dips-lower in the pair. The 1.1400 resistance level remains the key technical area to watch today, with a break above the 1.1400 level likely to accelerate technical buying towards the EURUSD pairs 100-day moving average. The 1.1360 level is the key support level to watch, with traders likely to use this area as a key daily pivot point.
The EURUSD pair is only bullish while trading above the 1.1360 level, key technical resistance remains at the 1.1400 and 1.1470 levels.
If the EURUSD pair falls below the 1.1360 level, sellers are likely to test the 1.1330 and 1.1268 support levels.