EURUSD 1.1280 extended resistance

The euro has remained trapped in a narrow price range against the US dollar during the European trading session, with short-term sellers still in control of price action. If the EURUSD pair trades above the 1.1250 level, buyers are likely to test towards the 1.1280 level. A sustained break below the 1.1230 level should accelerate technical selling towards the 1.1216 support level.

• The EURUSD pair is intraday bearish while trading below the 1.1250 level, key technical support is found at the 1.1230 and 1.1216 levels.

• If the EURUSD pair trades above 1.1250 level, key intraday resistance is found at the 1.1280 and 1.1300 levels.