EURUSD attempting to recover
The euro is attempting to recover higher against the US dollar after dropping towards the 1.1410 support level during the European trading session. The EURUSD pair is once again testing around the pivotal 1.1430 level, where the next directional move is likely to occur. A weekly price close for the EURUSD above the 1.1440 level should be considered bullish by traders.
The EURUSD pair remains bullish while trading above the 1.1430 level, key technical resistance is found at the 1.1480 and 1.1500 levels.
If the EURUSD pair trades below the 1.1410 support level, further losses towards the 1.1390 and 1.1360 levels appear possible.