EURUSD losing bullish traction
The euro currency has moved lower against the US dollar during the European trading session after buyers failed to sustained price above the 1.1550 level. EURUSD buyers now need to defend the December trading high, or they risk deeper intraday losses towards the 1.1460 level. To the upside, a move back above the 1.1550 level puts the 1.1600 resistance level back in focus.
The EURUSD pair is intraday bullish while trading above the 1.1490 level, key technical resistance is found at the 1.1550 and 1.1600 levels.
If the EURUSD pair moves below the 1.1490 level, sellers may test towards the 1.1460 and 1.1430 support levels.