EURUSD struggling to move higher
The euro is struggling to move higher against the US dollar, with the pair still trading tentatively around the key 1.1400 level. The Moving Average Convergence Divergence indicator is continuing to create bearish lower price lows across the four-hour and daily time frames. Sellers will likely target the 1.1360 support level, with a move below this area likely to lead to an eventual test of the technically important 1.1300 level.
The EURUSD pair is bearish while trading below the 1.1400 level, key technical support is found at the 1.1360 and 1.1300 levels.
If the EURUSD pair starts to trade above the 1.1400 level, buyers may target the 1.1430 and 1.1460 resistance levels.