EURUSD sellers fail to break 1.1300 level
The euro is attempting to recover towards the 1.1400 level against the US dollar, following the pairs sharp decline to the 1.1308 level on Wednesday. EURUSD sellers need to push price back under the 1.1360 support level to encourage technical selling, although the 1.1300 level is the key support level to watch. Only a strong move back above the 1.1430 resistance level will change the current bearish sentiment towards the EURUSD.
The EURUSD pair is intraday bearish while trading below the 1.1360 level, key technical support is found at 1.1300 and 1.1268 levels.
If the EURUSD pair moves above the 1.1410 resistance level, buyers may test towards the 1.1430 and 1.1470 levels.