EURUSD 1.1410 support in focus
The euro currency has continued to drift lower against the US dollar during the European trading session, with the pair moving towards the pivotal 1.1410 support level. A sustained move below the 1.1410 level could prompt further technical selling towards the 1.1360 level. The MACD and Momentum indicators on the four-hour time frame continue to signal further downside ahead.
The EURUSD pair is bearish while trading below the 1.1410 level, key technical support is found at the 1.1390 and 1.1360 levels.
If the EURUSD pair trades above the 1.1430 level, buyers may test towards the 1.1460 and 1.1500 resistance levels.