EURUSD struggling to find direction
The euro has recovered back towards the 1.1400 level against the US dollar following Wednesday’s sharp decline to the 1.1342 support level. The EURUSD pair currently has an intraday neutral bias, although sellers are creating bearish lower price lows. A sustained technical breakout from the 1.1355 to 1.1430 price is needed to establish a new short-term trend.
The EURUSD pair is bearish while trading below the 1.1355 level, key technical support is found at 1.1342 and 1.1300 levels.
If the EURUSD pair trades above the 1.1410 level, buyers may test towards the 1.1430 and 1.1455 levels.