EURUSD testing key support
The euro currency is coming under slight selling pressure against the US dollar on Thursday after buyers repeatedly failed to break through the 1.1400 resistance level. The EURUSD is currently trading within a rising price channel on the four-hour time frame, with price now testing key trendline support. The overall intraday bias surrounding the EURUSD is bearish while trading below 1.1370 support level.
The EURUSD pair is only bullish while trading above the 1.1370 level, key resistance is found at the 1.1400 and 1.1450 levels.
If the EURUSD pair trades below the 1.1370 level, key support is found at the 1.1350 and 1.1337 levels.