EURUSD attempting to recover losses
The euro is attempting to push higher against the US dollar, as sellers struggle to break below the important 1.1400 technical barrier. The recovery in the EURUSD pair is also supported by the rising MACD indicator on the one-hour time frame, as it corrects from oversold trading conditions. The release of the Federal Reserve Beige Book is the main event on the economic calendar for EURUSD traders later today.
The EURUSD pair remains technically bearish while trading below the 1.1460 level, key technical support is found at the 1.1400 and 1.1360 levels.
If the EURUSD pair recovers above the 1.1460 level, buyers may test towards the 1.1486 and 1.1530 resistance levels.